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Morgan Stanley's trades of the week: - Buy....>

FOREX
FOREX: Morgan Stanley's trades of the week:
- Buy EUR/USD at market with a target of EUR1.17 and stop of EUR1.13. MS note
that "according to Messaggero, Italy's PM Conte is attempting to mediate between
the ruling coalition and the EU on the budget. Rome may put up to EUR17bn
earmarked for citizens income and pension reform on "standby" - for use only if
the situation permits. Political noise following the Hesse election result in
Germany has been less aggressive than feared. Berlin's grand coalition does not
seem to be at risk for now, lending some stability to EURUSD."
- Buy USD/MXN at market with a target of MXN20.50 and stop of MXN19.10. MS note
that "Mexican voters rejected the new airport project, which will keep the MXN
under selling pressure for now."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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