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EUR/USD met decent support Thursday.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/USD met decent support Thursday at $1.0775, the level holding
on two challenges before and after the release of poor US Weekly Jobless Claims.
Recovery off this level faded at $1.0816 before it sank bank to find support at
$1.0780, but found fresh demand interest into the close as it lifted back to
$1.0805. Consolidation through Asia as rate was contained within a tight
$1.0799-1.0808 range. China data dump came and went as monthly economic activity
indicators were a mixed bag. Above-forecast industrial output and property
investment countered by misses in retail sales and unemployment.
- Germany Q1 GDP provides early focus into Europe at 0600GMT, market median
-1.6%yy, -2.3%qq. EZ GDP at 0900GMT, market median -3.3%yy, -3.8%qq. EZ
Employment and Trade released at same time.
- Eurogroup meeting at 1310GMT approx, Lagarde and Panetta attending 
- US Retail Sales, Empire State in focus into the afternoon with US IP/Cap.Ut.
at 1315GMT, UofM at 1400GMT.
- EU Ratings reviews:- Fitch on Austria & France; Moody's on Austria; S&P on the
Netherlands
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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