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Broad-based USD weakness spilled over...>

EURO-DOLLAR
EURO-DOLLAR: Broad-based USD weakness spilled over into Asia after ex-Trump
lawyer Cohen reached a plea deal with prosecutors and former Trump campaign
official Manafort was found guilty of tax evasion and fraud. EURUSD squeezed to
$1.1582, but with lack of follow through consolidated in narrow range trade for
the balance of the session. With no European data scheduled for release today,
focus turns to US Existing Home Sales at 1400GMT. Sales are expected to rise to
a 5.45 million annual rate in July after slipping further to a 5.38 million rate
in June. Fed's minutes from the July 31st- August 1st FOMC meeting follow at
1800GMT. EURUSD topped out at $1.1600 yesterday and remains key around the close
today. Initial support seen at $1.1547 from the 21-dma. EURUSD remains flat in
early Europe, last $1.1575.

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