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EUR/USD hitting fresh highs in Asia,....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD hitting fresh highs in Asia, briefly touching 1.2066,
highest since Jan 5, before dropping back slightly to last trade up 29 pips at
1.2061. 
- No fresh catalysts for the move, more likely the Asia market starting to
digest the more hawkish set of ECB minutes from earlier in the day, focus was on
the minutes' admission that forward guidance and language could be revisited
early this year. The minutes also hinted that withdrawl of stimulus could come
earlier than expected. Next ECB rate announcement is due on Jan25.
- USD has also continued to weaken in Asia, seeing declines against all the
majors. Disappointing PPI data ahead of the key CPI print and Retail Sales data
from the US today and a strong 30-Year US bond auction catalysed a sell off in
the greenback. The DXY hit the lowest since September in trade on Thursday,
finished the session at 91.886 down around 0.5% on the day.

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