Free Trial

Pulled back from Wednesday's recovery...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Pulled back from Wednesday's recovery high of $1.2444 to $1.2385
into the London fix before it settled back above $1.2400 into the close. Trade
through Asia was confined to a relatively tight $1.2386-1.2416 range as traders
await today's key ECB meeting. No change in rates widely expected with attention
again mainly set on ECB Draghi press conference. Market watching for any change
in statement language, though most looking ahead to April. Outside support noted
at Wednesday's low of $1.2385, high of $1.2444. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.