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Corrective pullback from early NY.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Corrective pullback from early NY high of $1.1961 saw rate touch a
low of $1.1896 into Monday's close. Demand re emerged in Asia which allowed rate
to recover but ran into decent sell interest placed at $1.1909 which capped. The
late Asian challenge on this level was knocked back to $1.1901 before early
Europe provided the added push to take rate on to $1.1911. However, no follow
through buying was triggered and rate currently trades around $1.1906. Hawkish
comments from Powell aided a Usd recovery Monday with hang over effects continue
to provide some Usd buoyancy.  
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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