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EUR/USD spiked to highs of $1.1758 on...>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD spiked to highs of $1.1758 on Wednesday, in reaction to an
ECB source story that said ECB policymakers are split on the meaning of `through
summer' & on the timing of the first rate hike. However, as the stronger USD
theme prevailed, the rate reversed to lows of $1.1666.
- The cross last deals at ~$1.1670, just above hourly support & the July 05
low/50% retracement of the move from $1.1509-1.1791 ($1.1660/50).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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