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Spell of greenback strength crossing in recent trade as European session gets underway in earnest.
- EUR/USD pressed to new session low of 1.2113 and USD/CNH testing the overnight best levels of 6.4708.
- Moves follow persistent weakness in Eurozone numbers this morning, namely that Spanish PMI miss and dire German retail sales figure earlier today (-9.6% vs. Exp. -2.0%).
- EUR/USD still a way off the first key support, which today crosses at 1.2054, marking the Jan18 low.