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Continues to grind lower, extends its...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Continues to grind lower, extends its corrective pullback to
$1.1060 with risk tone looking tenuous following the US Senate passing its "Hong
Kong Human Rights and Democracy Act" prompting retaliatory comment from China,
which is seen placing further counters to the ongoing trade negotiations. Gold
seen approaching key $1480(break down point and 50% retrace of $1516.11/1444.57)
and equities looking vulnerable to a downside correction. EUR/USD support seen
into $1.1050/40. Market will be watching developments in China-US relations. 
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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