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ITALY AUCTION RESULTS

BTP-ST / BTPei

BUNDS

5/30s Block trade

BONDS

Large Buxl spread

EURIBOR

EURIBOR FIX

FRANCE T-BILL AUCTION PREVIEW

On offer next week up to E6.9bln BTFs

EGB OPTIONS

Bobl call ladder

EURO-DOLLAR
EURO-DOLLAR: EUR/USD remains in consolidation mode following Monday's remarks
from ECB President Draghi, which although upbeat, provided little fresh insight.
ECB's Nowotny also added little new on the MonPol front on Monday. The pair last
deals at ~$1.1750.
- Having confirmed a bullish breakout last week (See MNI Analysis email July 6
16:07BST), a break and hold above $1.1800 is required to challenge the
$1.1850/55 area which represents the 38.2% retracement of the move from $1.2414
to $1.1509.
- German ZEW, ECB's Visco/Italian EconMin Tria & ECB's Lautenschlaeger provide
the risk events for EUR traders on Tuesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com