Free Trial

The unwinding of USD longs has seen both.....>

DOLLAR
DOLLAR: The unwinding of USD longs has seen both EUR & GBP pare early losses.
EURUSD recovered the $1.1500 level targeting $1.1535/52 which represents the
38.2%/50% retracement of $1.1621-1.1482. GBPUSD made a show back above $1.31 but
soon faded ahead of the Asia high ($1.3115). Brexit headlines expected to
dictate price action this week. USDCAD encountered resistance ahead of the
100-dma (C$1.3065) and eases to the C$1.3035/40 area. 

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.