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*** Dragged higher in Europe by.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Dragged higher in Europe by cable's reaction to reports that a
Brexit payment agreement has been made, though EU Barnier comments this morning
suggest still work in progress. However, outlook for the December meeting seen
positive. Eur/Usd extended its recovery off Tuesday low of $1.1827 to $1.1975,
the rate holding firm since. 
* Next resistance $1.1885/90 ahead of $1.1900. Support $1.1850/40 ahead of
$1.1827. 
* Saxony CPI yy came in at 2.0%, above the pan-German median forecast of 1.7%. 
- Focus on other state releases through the morning ahead of pan-German release
at 1300GMT.
- Germany CPI used to determine Thursday's release of flash EZ CPI data. 
* EU Confidence data due for release at 1000GMT.
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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