Free Trial

The USD continues to extend its recovery.....>

DOLLAR
DOLLAR: The USD continues to extend its recovery with strong gains seen across
the board, DXY last Y90.26. Commodity based currency pairs continue to bear the
brunt with both the AUD and NZD down 0.88%. Aud/Usd's move through the
descending trend-line and 100-dma has now seen the pair in bearish territory,
last $0.7730. Eur/Usd extends slippage to $1.2264 with demand seen on approach
to $1.2250 ($1.2252 (Mar2 low). Cable drifts to $1.3905, opening $1.3889/82 (50%
$1.3782-1.3996/1.618% swing $1.3922-88). Usd/Jpy lifts to Y106.15 with
resistance at Y106.38 from the Asia high. 

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.