Free Trial

Month-end fun and games as EUR/USD......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Month-end fun and games as EUR/USD extended its recovery sharply up
to $1.1180, helped in part by month-end demand for EUR/GBP ahead of the 1600BST
fix, before it dropped back to $1.1137. Bank models had suggested USD demand was
to be seen at the fix, which proved to be correct, but anyone that may have
positioned for this move may have been squeezed out in pre fix activity. Post
fix rate recovered again, this time at a slower pace, as it edged back to
$1.1164. Resistance remains into $1.1180 ahead of $1.1200. Support $1.1125/15
ahead of $1.1107/00. 
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.