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Managed to recover off Wednesday's......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Managed to recover off Wednesday's low of $1.1602 to $1.1662, the
recovery brushing aside the modest miss in the Final June EZ Core CPI. Rate did
drift off to hold around $1.1640 into the close. Trade through Asia was
basically contained by $1.1640-57, the rate breaking the base in early Europe to
extend the pullback to $1.1629, with rate holding heavy at writing. Some hourly
support noted between $1.1625/15, a break to expose Wednesday's low. A move
through $1.1600 to open a deeper move toward $1.1575/65. A light EZ data
calendar. Focus on US Phila Fed and Weekly Jobless Claims.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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