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US Stock Futures Look to Test Week's Lows Ahead of NY Open

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  • EURUSD has moved to its high of the day (1.1646 at writing) following the German PMI print which cited "unprecedented" output price rises. But it is still someway off yesterday's high and the first resistance seen at the Oct 19 high of 1.1669.
  • Fixed income and the Euribor strip have seen very little reaction to the data.