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German IFO elicits minor response

DATA REACT

Following the slightly better-than-expected Climate and Expectations components
of the German IFO release, Bunds see a limited response, but Estoxx (VGU0) gains
10 points from 3295.00 to 3305.00.
EUR/USD trades either side of the 1.17 handle, with MNI Tech seeing initial
resistance at the 1.1725 overnight high. Support for the pair seen kicking in
at 1.1639/1581, marking the intraday low and the Jul 24 low respectively.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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