Free Trial

Opened in Asia at $1.1642 toward the....>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia at $1.1642 toward the upper side of yesterday's
$1.1586 to $1.1655 range, where broad-based US dollar weakness was the theme
after Republicans in Congress said they might delay their proposed tax cuts to
2019. There is no data or schedule events in Asia to influence trading. Sideways
consolidation is expected ahead of the European open and release of
French/Italian Industrial & Manufacturing Production data. Resistance lies at
$1.1662 (38.2% fib  $1.1837-$1.1554 decline), while initial hourly support is
seen at $1.1622.

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.