Free Trial

*Sep29 Euro-dollar open $1.1786,.......>

EURO SUMMARY
EURO SUMMARY: *Sep29 Euro-dollar open $1.1786, range $1.1777 to $1.1791
*Euro opened in Asia at $1.1786 toward the upper side of the $1.1721 to $1.1804
range witnessed by European and US markets yesterday, where modest US dollar
weakness was the main theme as profit-taking took hold.
*It was a non-event during the Asia session, the Euro held mostly around
$1.1785, but somehow eked out a tight $1.1777-$1.1791 range
*Initial support seen at $1.1767 (NY low), while resistance is found at $1.1804
(Sep28 high).
*European inflation data is the highlight for the session ahead, headline CPI
for September is expected to rise at an annual of 1.6%, up from 1.5% prior.

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.