Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Touched a low of $1.0805 in early European trade Monday, extending
its corrective pullback away from Friday's high of $1.0864, as markets took
stock of weekend reports of COVID-19 spread. Rate consolidated around $1.0820
through to the NY open before rate picked up fresh demand as the USD came under
pressure. A mix of virus cover and Saunders risk weighed on US equities, UST
yields, as EUR/USD rallied to $1.0872 before momentum faltered. Rate eased to
$1.0841, closing the day at $1.0854. Rate drifted to $1.0845 early Asia as
markets reacted to Wall Street losses, but a reassessment of the virus
situation, headlines re: various policy measures & research into a coronavirus
vaccine drawing attention, and relatively shallow case counts out of China &
South Korea, steadied markets. A decent bounce in U.S. equity index futures
coincided with a lift in USD/JPY - risk outlook, allowing EUR/USD to edge to
$1.0868. COVID-19 developments remain a key driver. 
- Germany GDP provided no surprises. France confidence data at 0745GMT, Spain
PPI at 0800GMT. 
- Support $1.0840, $1.0810/00. Resistance $1.0868/72, $1.0900. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.