Free Trial

Rate managed to recover to a late NY....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rate managed to recover to a late NY high of $1.1613, off an
earlier NY low of $1.1566, before it began to ease into the close. Asia
continued this corrective pullback through the session, easing rate to a low of
$1.1583 with early Europe adding some further weight as it stretched on to
$1.1580 before finding some demand interest. Initial tech support at
$1.1578/77(Hourly low Sep11/21-dma) ahead of Tuesday's low of $1.1566.
Resistance remains at $1.1613. Trade headlines remain a key risk driver. Spain
CPI, Italy IP, EZ Jobs Report and IP due for release this morning, not normally
market moving. 
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.