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EURO-DOLLAR: Opened in Asia toward the lower side of the $1.1896 to $1.1961
range witnessed yesterday, where euro-yen supply and hawkish comments from Fed's
Kaplan saw the euro ease from the fresh two-month high posted earlier. There is
no economic data or scheduled events in Asia likely to influence direction.
Euro-yen flows may well dictate trading, as investors keep an eye on regional
equities and news from of the Korean peninsula. Demand is cited on an approach
to $1.1880, with close stops touted below at $1.1860. Below Asia's $1.1891 low
seen after remarks made by Powell, support is found at $1.1870 (38.2% fib
$1.1713-1.1961 move), while key-resistance lies at $1.1965 (76.4% fib
$1.2092-$1.1554 decline). Euro-dollar was last at $1.1903.