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Fresh USD sales into Europe had seen....>

EURO-DOLLAR
EURO-DOLLAR: Fresh USD sales into Europe had seen the EUR remain elevated and
hold just off the peak of its daily $1.2280-1.2334 range. Big data release this
week with main highlights on Tuesday from German state and national CPI,
followed by Fed Powell's testimony to congress. Wednesday sees the release of EZ
CPI and US GDP. Also worthy of note is the very large E1.01bn expiry at $1.2350
which could anchor ahead of today's NY cut. Eur/Usd last $1.2325. 

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