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EUR off across the board as early Europe.......>

EURO
MNI (London)
EURO: EUR off across the board as early Europe provided the react to an FT
report suggesting ECB's concern with EU banks exposure to Turkey (Turkey economy
under pressure due to current dispute with US which has pressure the Turkish
lower in recent sessions). As mentioned in the EUR/USD bullet, stops triggered
on the break below $1.1500 took rate down to $1.1438, EUR/JPY through its
support at Y127.60 to Y126.92, as well as aiding EUR/GBP corrective pullback
away from its Thursday high of Gbp0.9031 to Gbp0.8935 (cross again not liking
the air above its 10-dma 1.0% envelope, as mentioned in recent bullets, the
envelope currently at Gbp0.9022). EUR off lows as market settles down.  
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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