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OIL

Crude Futures Extend Losses

JGBS AUCTION

PREVIEW: 5-Year Supply Due

CHINA RATES

Futures Hit Contract High

JGBS

Equities Dip Lends Support

THAILAND

MPC Meeting Minutes Released

EURO-DOLLAR
EURO-DOLLAR: After rallying on apparent positive advances in Italian fiscal
matters early Wednesday EUR/USD struggled ahead of $1.1600, as questions re: the
Italian budget situation re-emerged and broader USD strength took hold.
- The rate ultimately broke below $1.1500, closing below the figure and last
deals at ~$1.1480. Bears now look to the 76.4% retracement of the Aug low - Sep
high ($1.1422). Bulls initially need to reclaim $1.1500, to prevent bears from
gaining additional momentum.
- Focus Thursday turns to comments from ECB's Nowotny & Hansson.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com