Free Trial

Reports from S.Korea that they had......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Reports from S.Korea that they had detected N.Korea preparing for a
missile launch prompted another round of ris=k aversion trade, the sharp drop in
Usd/Jpy taking Eur/Usd up to a fresh intraday high of $1.1904. Rate has since
eased back to $1.1882, but now slowly recouping that pullback as it trades
around $1.1897. Resistance seen at $1.1915, 50% retrace of the sharp corrective
pullback from Friday's initial NFP react high of $1.1980 back to $1.1850. Focus
to remain on N.Korea developments in what was expected to be  a fairly subdued
US Labor Day holiday session. 
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.