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Despite stronger than forecast US.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Despite stronger than forecast US NFP, and ISM Mfg only recording a
slight miss, the USD closed last week on the back foot. EUR/USD initial NFP
react saw rate drop to $1.1128 but had recovered to $1.1172 ahead of the London
fix before it finished the week at $1.1165. Technical traders see upside
potential following the Oct month close above Sep's high of $1.1109. Early
consolidation in a Tokyo holiday thinned session, the rate held around $1.1170
before it dipped to $1.1160, recovered to $1.1174 before it settled back around
$1.1168 into Europe. Resistance seen into $1.1176/79(Oct31/Oct21 highs), a break
to open a move toward $1.1200($1.1196 200-dma). Support $1.1160, $1.1125/20. 
- Final EZ Mfg PMI's begin with Spain at 0815GMT through to EZ at 0900GMT. 
- US Factory Orders and final Durable Goods data at 1500GMT
- Christine Lagarde will make her first public appearance as the ECB
chief(1830GMT). Separately, we will hear from her ECB colleague de Cos(0800GMT)
and Fed's Daly(2200GMT).
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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