Free Trial

The dollar encounters renewed pressure with...>

FOREX
FOREX: The dollar encounters renewed pressure with UST yields allowing EUR & GBP
to post fresh session highs. GBPUSD lifts to $1.2659 approaching the reported
resistance at $1.2680. EURUSD prints $1.1364 with near-term resistance at
$1.1377 from the 61.8% retracement of $1.1443-1.1270. USDJPY trades either side
of Y112.50 with key support from the 100-dma at Y112.40. Despite this, traders
report of continued thin volumes with markets waiting for the next headline.
German IFO data is due up at 0900GMT with expectations of a softer number. 

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.