Made a show under $1.1000, as rate......>

EURO-DOLLAR: Made a show under $1.1000, as rate extended its YTD low to $10998,

but visit proved short as it recovered back to $1.1023 into the close. Some link

the correction to scientific reports suggesting that the China coronavirus could

reach its peak by the end of this week. Rate consolidated in early Asia before

getting a lift to $1.1028 in reaction to the release of Australian CPI data,

which topped market expectations. However, this react move proved short lived as

rate eased off to $1.1011 before it met mild demand, trading around $1.1015 into

Europe. Germany Import Prices 0.2%mm actual vs 0.2%mm expected and GfK 9.9

actual vs 9.6 forecast provided the early interest, but little reaction seen.

France and Italy Confidence data then ECB M3 data the domestic interest.

Highlight of the day will be the FOMC announcement followed by the Fed Powell

press conference. 

- Support $1.1010, $1.0998, $1.0980 and $1.0950. Resistance $1.1030/40,

$1.1060/70.