Free Trial

Initial demand in Euro-yen pushed the...>

EURO-DOLLAR
EURO-DOLLAR: Initial demand in Euro-yen pushed the single currency to $1.1793,
macro demand has now seen the rate extend higher to $1.1800. Traders noted
earlier a large option strike for today at $1.1800 (E896mn), that may act to
contain the near-term range. Technical resistance is seen at $1.1819, which
marks the 50% fib retracement on the $1.1910-$1.1728 decline. Euro-dollar was
last at $1.1798

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.