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As recovery efforts fail to build on....>

EURO-DOLLAR: As recovery efforts fail to build on the break of $1.1700,
euro-dollar settles in the middle of its narrow $1.1670-1.1716 daily range.
Worthy reminder of the very large $1.1700 (E1.26bn) expiry rolling off for
today's NY cut, further expiries at $1.1730/35 (E1.54bn). Rate last $1.1692.

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