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Paring overnight gains with rate........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Paring overnight gains with rate easing off to $1.1997, from an
earlier Asian high of $1.2019 (early Europe high of $1.2016). Rate currently
trades around $1.2001 with overall activity remaining relatively subdued as
market has attention turned toward today's FOMC announcement (see 0744BST bullet
for FOMC outlook). Eur/Usd hasn't looked too comfortable above $1.2000 in recent
sessions, some suggestion of Hurricane insurance cover demand for Usd's from
certain mid Europe corporations, with demand then seen in Eur/Chf to cover Eur
shorts.  
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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