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EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/USD again met decent support into $1.1580, the rate touching an
intraday low of $1.1581 ahead NY, before it bounced, the demand able to take
rate through Thursday's high of $1.1627 to a fresh YTD of $1.1638. Move again
seen driven more by USD weakness with USD/JPY taking the lead after extending
its recent easing following the breaks below Y106.60(in Asia) and the break
below Y106.00. This pressure on the USD remains in place in current trade. Next
resistance noted around $1.1650 ($1.1651 Sep28-2018 high). Support remains into
$1.1580, a break below likely to accelerate selling. 
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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