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CIBC's macro strategy team suggest......>

EURO-DOLLAR
EURO-DOLLAR: CIBC's macro strategy team suggest that the EURUSD at 1.1700 offers
"decent value for longs but that's a contingent on bounce back in data. For this
week, we'll be keeping close tabs on Eurozone PMI's and German IFO's for signs
that optimism is rebounding, we view concerns related to Italian coalition
government as overblown for now."
- The cross registered a low of 1.7917 in early London hours on Monday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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