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EURO-DOLLAR
MNI (London)
EURO-DOLLAR: NY holiday Monday made for thin conditions and allowed EUR/USD to
drift to a fresh YTD low of $1.1077 but recovered through the 1600GMT WMR fix,
closing the day just below $1.1100. Rate eased to $1.1089 in early Asia before
risk concerns, linked to the coronavirus in China, led to a sharp move into JPY,
the drop in USD/JPY saw EUR/USD recover but continued to meet headwind
resistance on approach to $1.1100. Rate settled around $1.1095 into Europe.
Germany ZEW due for release at 1000GMT, market median for expectations seen at
15.0(prev 10.7), current situation -13.5. ECONFIN meeting through the morning,
press conference set for 1130GMT. 
- Support $1.1077/66, $1.1050/40. Resistance $1.1100/05, $1.1120/30. The
$1.1140-50 area holds the strikes of expiring options at today's NY cut,
E1.61bln(E1.27bln EUR calls).
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com