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After release of much stronger than.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: After release of much stronger than forecast Germany IP data at the
European open failed to take rate through its earlier Asian high of $1.1748,
Eur/Usd has eased off and is currently trading just off its early Asian low of
$1.1718(also 38.2% $1.1670-1.1748). A break of $1.1718 to open a deeper move
toward $1.1700(61.8%). The $1.1700 level also said to hold the strike of an
expiring option for today's NY cut, E1.56bn.  
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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