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EUR/USD sank back through $1.0900.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: EUR/USD sank back through $1.0900 after Wednesday's reported option
expiries between $1.0898-1.0910 rolled off at 1500GMT, the momentum taking it
though its Oct01 low of $1.0879 to $1.0865. Rate managed to edge back to $1.0876
before it closed around $1.0873. A sharp jump higher in the number of COVID-19
virus in Hubei province prompted a a quick move into risk, USD/JPY the main
barometer dropped to Y109.80 from above Y110.00, the USD sales edged EUR/USD to
$1.0876, before the news from Hubei increase was linked to a revised counting
method saw risk positions pared. EUR/USD eased to $1.0865, the move again
meeting support at Wednesday's low. Early Europe reacted to the overnight news
with risk aversion showing again which has taken rate back to $1.0873. Asian
traders have noted support $1.0865/60, with resistance now seen at the broken
support level of $1.0879.
- Germany final CPI confirmed earlier flash of 1.7%yy. ECB Lane speaks at
1200GMT and 1800GMT.
- US CPI provides key data focus(market median 0.2%), released at 1330GMT
alongside Weekly Jobless Claims.    
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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