Free Trial

Touched an extended low of $1.1952 in...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Touched an extended low of $1.1952 in opening European trade as
rate extended the earlier Asian base of $1.1958. Rate had been pressured lower
in Asia on Eur/Jpy sales but was given some buoyancy as Usd/Jpy was sold lower
on reaction to BOJ announcing it had cut the purchase of 10+ year JGBs by Y10bn.
Support seen into $1.1950($1.1951 50% $1.1812-1.2089), a break here to expose
the Dec29 low of $1.1937. Resistance remains at the Asian high of $1.1976 ahead
of $1.1985.
* Option expiries of note, $1.1950 E1.01bn), $1.1985 E2.32bn, $1.2000 E843mn. 
* Data: Germany IP 3.4%mm vs median forecast 1.7%.
* EZ Unemployment 1000GMT. Median 8.7% vs last 8.8%. 
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

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.