Free Trial

USD Strength Persists Through WMR Fix

FOREX
  • Post-Powell USD strength persists through the Tuesday WMR fix, helping pressure EUR/USD, AUD/USD, GBP/USD and the likes to fresh lows.
  • EUR/USD has made a clean break below the mini-uptrend support drawn off the Feb 27 low, with 1.0533 marked as the next intraday downside level.
  • AUD/USD weakness has the pair within range of a test on the $0.66 handle support, with weakness through here putting AUD/USD at the lowest since mid-November

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.