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A relatively quiet Asian session saw....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: A relatively quiet Asian session saw rate confined within a tight
range of $1.1387-1.1400(following on from Thursday's 36 pip range between
$1.1370-1.1406). Rate touched $1.1400 as JPY came under pressure at the Tokyo
fix, strong demand noted for AUD/JPY, but momentum quickly faded and rate
drifted off to $1.1387 ahead of the European open. Rate has since recovered,
nudging back toward the Asian high in early Europe. Decent sized option expiries
for today's NY cut may act to keep attracted to this area, $1.1400-05 for
E2.66bn and $1.1415-25 for E2.09bn. Easing US/China trade tone seen aiding risk.
- EZ focus today falls on comments from ECB's Visco, speaking alongside Italy's
FinMin Tria. Next week, all eyes will be on the ECB, set to deliver its MonPol
decision Thursday.
- Support $1.1380/70, $1.1350. Resistance $1.1400/10, $1.1425.  
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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