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It has been a volatile week......>

US EURODLR FUTURES: It has been a volatile week for Eurodollar futures. After
being warned by President Trump not to retaliate to US tariffs announced last
week, China retaliated with tariffs of its own on Monday pushing the Eurodollar
strip higher.
- The strip took a breather on Tuesday before more risk-off sentiment flared up
again on Wednesday. The US-China trade talks were one factor, but concerns
surrounding the Middle East along with comments from Italian Deputy PM Salvini
that Italy would not pay attention to EU deficit rules pushed the strip higher
still. The strip approached similar levels seen in the aftermath of the March
Fed meeting and at the height of concerns that the UK could imminently fall out
of the EU with no deal.
- Thursday saw sentiment recover somewhat with the strip falling further from
its highs with these moves continuing into Friday with help from headlines that
the US was poised to remove steel and aluminium tariffs on Canada and Mexico.
- Eurodollar Whites (M9-H0) are unch to 10 ticks higher with the rest of the
strip 10-12.5 ticks higher.

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