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Germany IP came in below forecast.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Germany IP came in below forecast level but there was little to no
negative reaction to the release with buyers able to overwhelm any react
sellers. Rate has edged up from its early Europe dip low of $1.1552 to
$1.1570(Asia high $1.1564), retesting the NY recovery high off yesterday's low
of $1.1530. Monday's Asian high close behind at $1.1574, a break to open a move
on toward $1.1580(61.8% $1.1611-1.1530; 76.4% $1.1592). 
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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