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Free AccessRenewed USD Sales Tilt EUR/USD North of 1.09
- Another wave of USD sales helps boost major pairs to fresh intraday highs - putting EUR/USD north of the 1.09 handle and GBP/USD narrow in on 1.2550.
- Move very much led by the dollar here, with markets looking through the soft ZEW release to catch up with the pull lower in US yields overnight. A recovery off the lows in most equity futures markets also helping pressure the greenback.
- Volumes remain marginally below recent averages for this time of day across most major pairs - the outlier being GBP after the poor jobs data this morning - with activity just over 50% above the norm for 1000BST.
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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.