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A few swings through the day though.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: A few swings through the day though support at $1.1250 (Asia low
then retested in Europe) proved itself before rate bounced up to threaten the
broken support line (off Nov12 low) now resistance at $1.1311. Rate touched
$1.1310, on release of weaker than expected US Retail Sales data, before it
dropped back to $1.1265, reacting to a wire report suggesting US and China trade
negotiation teams 'far apart' on reform demands, but had recovered in the NY
afternoon to $1.1298.
- Support remains at $1.1250, a break to expose the $1.1217/16 area with support
noted between $1.1215/00 close behind. Resistance now seen into $1.1300 ahead of
$1.1310/11. 
- Friday focus on EZ Trade(1000GMT), ECB Coeure speaks in NY at 1300GMT. US NY
Empire State data and Import/Export Prices due at 1330GMT ahead of IP/Cap.Ut. at
1415GMT then UofM Sentiment at 1500GMT. Fed Bostic speaks at speaks at 1455GMT.
ECB Angeloni speaks at 1545GMT.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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