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Month-, Year-end flow Tuesday...........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Month-, Year-end flow Tuesday provided the sell pressure on the USD
to allow EUR/USD to touch a high of $1.1239, though had backed off to the
$1.1220 area at the London 1600GMT fix, the rate closing the year at $1.1210.
Tokyo markets remain on holiday until Monday leaving Asian markets thin. Rate
managed to edge to $1.1225 before it dropped down to $1.1201 meeting support on
its approach to $1.1200, recovering to $1.1207 into Europe. A break of $1.1200
to expose the Dec30 low of $1.1171. Resistance remains at $1.1225 ahead of
$1.1239.
- EZ final Mfg PMI data due through the morning ahead of US Weekly Jobless
Claims and US final Mfg PMI (more interest seen on Friday's release of US ISM
Mfg).  
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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