Free Trial

Saw some decent demand through..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Saw some decent demand through Friday's NY session which acted to
take rate to a high of $1.1057, closed the week at $1.1051. Rate touched an
early low on Asia of $1.1048 before buyers emerged again to extend Friday's rise
on to $1.1065(Cloud Top). Rate retains an underlying buoyant tone into Europe,
evidence move on to $1.1068. Risk outlook was given a lift by comments from the
Chinese Commerce Ministry, confirming that Vice Premier Liu He had constructive
talks with Treasury Secretary Mnuchin and Trade Representative Lighthizer by
phone Saturday. They have agreed to keep communication open. 
- A light data calendar Monday. Focus as de Guindos speaks at 0900GMT, Hernandez
de Cos at 1230GMT, ECB Lane 1320GMT. Fed Mester speaks at 1700GMT. Focus this
week set on FOMC Minutes Wednesday, ECB Minutes Thursday and flash PMI's Friday.
- Traders note that E1.33bln of $1.1055 strike options roll off at today's NY
cut, E1.05bln EUR puts. 
- Support $1.1055/48, $1.1015/00. Resistance $1.1080/85, $1.1095/1.1105. 
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.