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Extends slippage below $1.1760 as.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Extends slippage below $1.1760 as rate reacts to the miss in
Germany flash Q2 GDP. Rate had already been sliding lower as a reaction to risk
appetite, led by the rise in Usd/Jpy (some fears that NKorea may have acted on
their National Day but situation calm). Asian traders earlier reported demand
interest in the $1.1755/50 area which has helped to cushion the move. Rate
currently trades around $1.1760. Break of technical support at $1.1749 to expose
next support area between $1.1725/15. 
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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