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*** Early European demand extends.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Early European demand extends rate's recovery, off Tuesday's
low of $1.1713(early NY), takes it above the Asian high of $1.1748 to $1.1757.
Usd was seen under mild pressure through Asia as traders reacted to a Fed Yellen
comment that the Fed not certain that low inflation is transitory. However,
Asian traders did suggest that the Eur struggled to take full advantage of the
general pressure on the Usd, Eur/Usd said to be meeting continued headwind
resistance linked to German politics. Asian traders noted that agent banks were
seen buying Usd/Krw, which if correct, could see the central bank with Eur/Usd
demand interest for account balancing.
* Eur/Usd support $1.1733-24, $1.1714/13. Resistance $1.1758, $1.1775/85.  
* Light data calendar in EZ. ECB non-monetary policy meeting. 
* US Durable Goods, Initial Jobless Claims 1330GMT; UofM Sentiment(Final)
1500GMT. FOMC Minutes 1900GMT.
* US Thanksgiving Holiday Thursday  
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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