Free Trial

The dollar put in a mixed performance.........>

FOREX
FOREX: The dollar put in a mixed performance during a holiday-thinned
Asia-Pacific session. Dollar-yen started the new week at Y112.70 and held a
choppy Y112.33 to Y112.79 range, with cross moves dictating direction,
Dollar-yen was last at Y112.57. Euro-dollar pushed higher from $1.1718 to
$1.1748, last at $1.1743. Cable rose from $1.3053 to $1.3123, sources put the
move down to senior Conservative party figures publically backing PM May
following calls on Friday from former Conservative Party chairman Grant Shapps
for her to stand down. Cable was last at $1.3084. Aussie trekked higher from
$0.7750 to $0.7782, last at $0.7774. Kiwi gapped lower from Friday's close in
New York to $0.7051 before recovering to $0.7080. Final NZ election votes were
counted over the weekend showing the opposition party gaining some ground,
although the outcome remains inconclusive. Kiwi was last at $0.7072. Meanwhile,
Turkish lira was a major underperformer, the dollar rising from Try3.6147 to
Try3.7684 as diplomatic relations with Turkey and the US continue to
deteriorate, after last weeks arrest of a US consulate employee in Istanbul. Try
was last at Try3.7335.

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.