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Developments at the EuCo (see earlier...>

EURO-DOLLAR
EURO-DOLLAR: Developments at the EuCo (see earlier bullets for details) push the
rate to a fresh session high of $1.1455 as Europeans settle down at their desks.
Next resistance levels of note seen at $1.1460, the Jun 16 high, followed by
$1.1495, the Mar 9 high and primary resistance. Worth remembering that an FT
reporter tweeted the following: "Frugals leaving the summit saying they are
satisfied going into day 4 (!!) of #euco. The movement from EUR350bn to EUR390bn
on grants however doesn't come for free. They will also make a push tomorrow for
addition rebates in the EU budget."
- All eyes on headline flow ahead of the EuCo reconvening at 16:00 Brussels
time.
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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