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Lifts to a fresh intraday high of.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Lifts to a fresh intraday high of $1.1322 as market reacts to Fed
headlines, Fed establishment of a corporate bond index for the Secondary Market
Corporate Facility looks new. These headlines refer to the SMCCF - one of the
nine programs announced by the Fed since mid-March aimed at limiting COVID
economic damage. Currently has a capacity of $250 bln of which $5.5 bln has been
used so far. Risk gets another boost, USD seen paring more of its recent gains,
with EUR/USD holding close to its fresh highs. Next resistance seen between
$1.1340/50. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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