Free Trial

USD Bounces Off Lows Into Month-End WMR Fix

FOREX
  • Having initially slipped on the back of the poor PMI, Consumer Confidence and Richmond Fed data, the USD is bouncing off the session's lowest levels and has retraced over 50% of the day's losses against the EUR.
  • EURUSD is now in negative territory on the day just ahead of the month-end WMR fix - at which many month-end models had flagged the bias for USD buying.
  • Session's lows still a way off at 1.0582 for the pair.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.