Free Trial

Most of the action is in FX


Larger FX Option Pipeline


BLOCK, Recent 2Y Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (London)
EURO-DOLLAR: Recovery off Tuesday's low of $1.1184 extended through Wednesday
trade to a European morning high of $1.1255 before it settled between $1.1240-50
into NY. Risk appetite was evident through Asia and into Europe before this
outlook dampened into NY and eased rate back to $1.1225. Fresh demand emerged to
lift rate through the 1600BST fix to $1.1249, currently seen settled around
$1.1245. As reported in this morning the $1.1250 level  holds the strikes of
more than E3bn of expiries at the Thursday and Friday NY cuts, E1.24bn/E1.91bn
respectively which could be helping to keep rate anchored in this area. Thursday
brings Germany Factory Orders at 0600GMT, market median 0.3%mm, -3.1%yy ahead of
US initial weekly jobless claims, though seen as curtain raisers for Friday's US
Employment Report(market median NFP 180k, AHE 0.3%mm, 3.4%yy). Resistance
$1.1250/55, $1.1280/85, $1.1300. Support $1.1225/15, $1.1200.   
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.