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A relatively subdued Asian session......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: A relatively subdued Asian session for EUR/USD. Rate managed to
slightly extend its recovery off Monday's low of $1.1076 to $1.1089 in Asia
before opening Europe pressed it back to $1.1081. Talk in Asia suggested option
linked interest seen at and below $1.1070(Aug22 $1.1040-60 E2.06bln expiries),
countered by headwind resistance at and above $1.1100. 
- Germany PPI at 0600GMT, EU Construction Production 0900GMT. US Redbook
1255GMT, Fed Daly Quora session at 2030GMT, Fed Quarles speaks at 2200GMT.
- 1.0% 10-dma envelope moving lower, the base currently at $1.1035, 10-dma at
$1.1146.  
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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