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EURO-DOLLAR: Despite the release of strong German state & national CPI readings,
overriding USD strength has been the theme with EURUSD dipping back under
$1.1700 to extended pullback lows of $1.1671. Rate seen approaching key support
from the 100-dma at $1.1657, A break below here shift the focus back to the
downside, suggesting a resumption of weakness towards the Sep 10 low at 1.1526.