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Picking up talk from Asia suggesting....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Picking up talk from Asia suggesting decent support into $1.1150.
Rate has extended lows to $1.1151 in recent trade and is currently holding heavy
(current $1.1152 at writing). A break here to expose the $1.1135/30 area. If
level holds could allow for a recovery toward $1.1170/80.
- Germany PPI at 0600GMT will provide initial data focus though risk remains the
key driver. EU Current Account at 0800GMT, with ECB Nowotny due to speak at the
ESTA Conference in Vienna at 1045GMT.  
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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