Free Trial

Initial reaction sees greenback soften,......>

DOLLAR
DOLLAR: Initial reaction sees greenback soften, helping tip EUR/USD to fresh
highs up at $1.1241 but yesterday's highs still in tact at $1.1243. On the
margin, Fed decision seems dovish, with a particularly large drop in the
end-2020 median Fed funds dot (down to 2.125% from 2.625% previously). USD
holding at lower levels ahead of the press conference in just under 30 minutes'
time. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.