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ARGENTINA

Beef Exports Deal Expected, CPI Due

EURO-DOLLAR
EURO-DOLLAR: It has been a quiet start to the new trading day, the single
currency confined to a tight $1.1757 to $1.1770 range. There is no data or
scheduled events likely to impact trading in Asia, local traders anticipate
sideways consolidation heading towards the opening of European markets and the
release of French Industrial/Manufacturing Production. Initial resistance lies
at $1.1770/74 (Hourly resistance, 38.2% $1.1910-$1.1689), while support is
located at $1.1739/30 (38.2%/50% $1.1689-$1.1770). Euro is currently changing
hands at $1.1762