Free Trial

Pull Lower in Treasury Yields Hampers USD, Further Favours EUR/USD

USD
  • Pull lower in Treasury yields filtering in currency markets via a weaker USD, helping tip EUR/USD (briefly) to a new daily high at 1.0628. This further narrows the gap with next notable resistance of 1.0674 - the Sep 21 high.
  • Latest move higher accompanied by decent volumes - the best of the session so far - with ~3,300 contracts changing hands inside 3 minutes - cash equivalent of approx. $445mln.
  • EUR/USD is beginning to show some signs of bottoming out - the pair closed above the 20-day EMA yesterday for the first time since late August - another possible signal of stabilisation in the price.

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.