Free Trial

Rate extends the day's losses below.....>

EURO-DOLLAR: Rate extends the day's losses below the $1.12 handle, touching
$1.1181 so far, the lowest since May 9th's $1.1174, which becomes the first
target. Risk sentiment appears to be taking a minor move lower ahead of the NY
crossover, with US equity futures lower and JPY gaining a minor bidtone in
recent trade. Options expiries in EUR/USD rolling off at the cut today may stem
any further falls (E669mln at $1.1200-10) but sentiment swings remain the key
drivers of FX spot at present. German Bund futures touch the best levels of the
session also, with German yields pressing to the lowest level since September
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



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.