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Drops through earlier low of $1.1822,...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Drops through earlier low of $1.1822, extends slippage to $1.1812,
with Eur/Gbp also extending its lows to Gbp0.87545. Eur/Usd currently trades
around $1.1818. Break opens potential for a deeper move toward $1.1775/65,
though can expect some demand to emerge into $1.1800. The $1.1825 level holds
the strike of a fair sized option for today's NY cut, E979mn, and may exert some
influence. 
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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