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SHORT-STERLING OPTIONS

SONIA option

DOLLAR
DOLLAR: Greenback takes a knock in recent trade on relatively light volumes, but
move helps EUR/USD break through the earlier session highs. US Treasury yields
not budging so move looks contained to currency markets for the time being. New
EUR/USD high traded up at $1.1695 with Thursday's high still some way off at
$1.1744.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com