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EUR's climb here still continuing apace - a....>

EURO
EURO: EUR's climb here still continuing apace - a rise through the $1.12 handle
opens key resistance at 1.1239 which could prove a decent bull trigger.
Once again seems the EUR is developing a strong positive correlation with
risk-off - with EUR gaining while continental equities, particularly banks, are
weak. USD's also weaker pretty much across the board now, with the reversal in
US yields sapping a lot of strength. 10y yield now down 9bps with curves
flatter.

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