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Extending recovery, off Thursday's......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Extending recovery, off Thursday's low of $1.2364(Asian low of
$1.2370), as the Usd pares Thursday's Trump react gains. Rate has edged on to
$1.2452, though upside progress slow. Trump due to speak again today, CNBC
interview due at 1100GMT with his main Davos address on the calendar for
1300GMT. US Q4 GDP at 1330GMT also in focus. Early month end models suggest
strong Usd sales to be seen vs the Eur and Gbp.  Hourly resistance between
$1.2450/70 so far providing a counter. 
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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