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News of a Brexit deal Thursday..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: News of a Brexit deal Thursday provided the impetus to take EUR/USD
above $1.1100, the rate able to spike on to $1.1140 before momentum faded. Move
was driven by the positive react in sterling, though rate was able to hold above
$1.1100 through the balance of the day despite the pound paring back its react
gains as attention now set on Saturday's sitting of UK parliament. Consolidation
continued through Asia with trade contained within a range of $1.1120-31.
Release of Chinese growth data, which undershot expectations, had minimal effect
on markets. 
- Support remains into $1.1100, a break to open a deeper corrective pullback
toward $1.1085/80 ahead of $1.1065(Oct17 low). Resistance $1.1140, $1.1164(Aug28
high).
- EU Current Account  due at 0800GMT. US Leading Indicators 1400GMT, St Louis
and NY Fed GDP Nowcast at 1500GMT and 1515GMT respectively. Speakers include
Fed's Clarida(speaks on economy), Kaplan and George. ECB Draghi and Coeure at
IMF/WB in DC. 
- Brexit developments and sterling react to remain a driver in EUR/USD. 
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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