Free Trial

Move in greenback wholly reversed.......>

EURO-DOLLAR
EURO-DOLLAR: Move in greenback wholly reversed with material bid tone in EUR/USD
and GBP/USD helping erase the move. Relatively erratic price action will likely
continue throughout the session as volumes and liquidity remain thin. EUR/USD
bulls eye the $1.14 handle to open further upside but it may be tough going
above there with Fib resistance sitting at $1.1406, the 38.2% retracement for
the $1.1486-1.1356 move. 
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.