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A generally firm USD, seen as a.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: A generally firm USD, seen as a reaction to the earlier release of
better than forecast Phila Fed and Weekly Jobless Claims, has pressed EUR/USD
back below $1.1200, the move lower extending through Wednesday's low of $1.1178
to $1.1172 with recovery efforts so far holding fairly shallow. Rate currently
trades between $1.1175/80. Next support seen at the May07-06 lows of $1.1167-59,
expect some at $1.1150 ahead of $1.1140/35. Resistance $1.1195/1.1205 ahead of
$1.1220/25.
- Data outlook for Friday brings EZ CPI final, not usually revised and often not
a major market mover.
- US prelim UofM and Leading Index at 1400GMT. Fed Williams due to speak at
1515GMT, 1800GMT.    
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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