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Picks up fresh demand early Europe,.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Picks up fresh demand early Europe, seen via Eur/Gbp, as rate edges
up to $1.1874 after moving above the earlier Asian high of $1.1871. Rate holds
firm at writing. Next resistance seen at Wednesday's high of $1.1883, a break to
expose the Nov27 high of $1.1891 ahead of $1.1900. Above here and rate can
progress toward $1.1920/30. End month fix models suggest RHS interest to be
seen. EZ flash CPI at 1000GMT, market median 1.6%yy, Core 1.0%yy seen key. 
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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