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Breaks under $1.3200, as rate extends its.....>

CABLE
MNI (London)
CABLE: Breaks under $1.3200, as rate extends its corrective pullback away from
the week's highs of $1.3350(Wed Feb27), as short term specs pare back positions
into the weekend, the move given added momentum by the sharp move higher in UST
yields which has boosted USD strength across the board. Focus at the close will
be on the 50-wma, currently at $1.3154. If rate can maintain this week's break
above at the close it will keep the underlying buoyant tone in place.  
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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