Free Trial

News from Istanbul that Qatar is to make a....>

FOREX
FOREX: News from Istanbul that Qatar is to make a $15bln investment in Turkish
financial markets and banks buoyed the TRY which translated to a modest recovery
in most majors from fresh cycle lows, allowing EUR/USD and GBP/USD to finish in
only minor negative territory after suffering from sharper losses earlier in the
day.
- USDJPY gave back some gains in line with the rally in bonds and decline in
stocks as historical correlations returned.
- AUDUSD bounced from intraday lows of 0.7206 but remains shy of short-term
resistance at 0.7250. 
- NZDUSD's bounce has been similarly weak, with the pair under slight renewed
pressure this morning, trading at 0.6562.

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.