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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1799, range $1.1788-1.1804. Europe open
$1.1798, range $1.1774-1.1801.
* Corrective pullback away from Thursday's high of $1.1815 saw rate open Asia
around $1.1798.
* Rate blipped up to $1.1804 in react to German press report suggesting ECB to
discuss taper at Sep meet, vote in Oct.
* Positive react didn't last long as most forecast this scenario, needing
official rubber stamp to excite.
* Rate extended pullback to $1.1788 with recovery efforts ahead of Europe capped
at $1.1800.
* Early Europe applied heavier downside weight which took rate to an extended
low of $1.1774.
* Bank reports suggest market long Eur/Usd ahead of Jackson Hole. Position
adjustment paring applied minor pressure.
* Eur/Usd recovered late Europe morning but resistance between $1.1800/04
countered.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com