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Met resistance in early Asia at the.....>

MNI (London)
EURO-DOLLAR: Met resistance in early Asia at the $1.1715 level, after local
traders pinned demand interest to automated trading. Initial failure to push
higher rate eased off to $1.1702 before it took another run higher, breaking to
$1.1721. Momentum not enough to bring pressure to bear on Monday's high of
$1.1725 and rate drifted off to hold back around $1.1715 into Europe. Support
remains into $1.1700 ahead of stronger interest between $1.1695/85. Resistance
$1.1721/25. A light EZ data calendar today, interest on Fed Chair Powell's
semi-annual testimony before Senate panel(1400GMT).  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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