Free Trial

Managed to extend its recent recovery...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Managed to extend its recent recovery to $1.1324, matching the high
seen on Apr12, before it settled back around $1.1300 through the balance of the
session, basing at $1.1291, with recovery capped ahead of $1.1310. 
- Option expiries of note for Thursday's NY cut seen at $1.1225(E1.93bn),
$1.1250(E647mln), $1.1300(E1.3bln), $1.1320-25(E2.46bln) and $1.1350(E1.15bn).
- Data Thursday includes Germany Mar PPI at 0600GMT, Italy IP at 0800GMT along
with flash EZ PMI's (France, Germany and EZ).
- Support $1.1280, $1.1250. Resistance $1.1324/31 ahead of $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

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.