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Lower-than-expected German IFO data.....>

EURO-DOLLAR
EURO-DOLLAR: Lower-than-expected German IFO data on headline and components has
seen limited react with Eur/Usd easing to $1.2184. Next support is seen at
$1.2160/55 (61.8% $1.1916-1.2555 2018 range/Mar1 low). Reminder of the very
large E1.03bn option-expiry at $1.2200 for today's NY cut which could prove
magnetic.

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