Free Trial

Opened in Asia toward upper side of.....>

EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward upper side of the $1.2004 to $1.2081 range
witnessed yesterday, where despite firmer UST yields, broad-based US dollar
weakness remains the theme. The benchmark US 10-year yield rose from around
2.42% to nearly 2.48% on the day, the move was said to be positioned led, rather
than on any fresh news. There is no data in Asia likely to impact trading, local
traders expect sideways consolidation ahead of the European open and release of
German Unemployment data. Resistance is noted at $1.2092 (2017 high Sep8), while
hourly support is located at $1.2026. Euro-dollar was last at $1.2057.

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.