Free Trial

USD Under Pressure in Early Europe

EUR
MNI (London)
  • USD remains under pressure in early Europe, allows EUR/USD to edge up to challenge resistance around the $1.2200 area.
  • A clear above the figure to open a move toward $1.2220 ahead of $1.2250/60.
  • USD seen under pressure across the board, USD/JPY extends low to Y103.38, option interest at the Y103.00 level could be attracting (Y103.00 $1.57bln of USD puts roll off at today's NY cut).
  • GBP/USD edges up to $1.3443, aided by increased Brexit deal hopes and general USD softening.
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.