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Eur under pressure into early...........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Eur under pressure into early European trading, the move lower seen
into the European open and continued. Eur/Jpy looks to have led the move as
Eur/Usd got pressed back to retest its earlier Asian low of $1.1645, off a pre
Europe recovery high of $1.1660(early Asia high $1.1672). Eur seen soft in the
crosses, has kept Eur/Gbp off its overnight high of Gbp0.8891 despite renewed
downside pressure on cable. A break of $1.1645 to expose Friday's low of
$1.1623. Rate currently trades around $1.1650 at posting.  
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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