Free Trial

The dollar was modestly bid against its.......>

FOREX
FOREX: The dollar was modestly bid against its peers in quiet Asia trading, the
move was led by weakness in the commodity currencies amid lower oil prices and
some soft local data. Kiwi-dollar was the main underachiever, the flightless
bird easing from around $0.7470 to $0.7416 following softer NZ jobs data, last
at $0.7427. Aussie-dollar followed its Tasman neighbour lower, the rate edging
down from $0.7974 to $0.7942 and was last at $0.7450. Dollar-yen trekked upwards
from Y110.31 to Y110.60, firmer US rate futures encouraging the move higher.
Meanwhile, Euro-dollar currently trades at $1.1806 and Cable at $1.3201, after
trading in respective ranges of $1.1794 to $1.1818 and $1.3191 to $1.3218. 

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.