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Positive US data Wednesday boosted......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Positive US data Wednesday boosted the USD, allowed EUR/USD to dip
to a low of $1.0992(though held off a retest of its Nov14 low of $1.0989). Rate
recovered to $1.1007 before closing the session at $1.0999. Rate touched $1.1011
in opening Asian trade but had settled back around $1.1005 into the Tokyo open
then slowly edged back to $1.1010 into Europe. USD/JPY was pressed lower in
reaction to Trump's signing of the controversial HK Bill (and its possible
effects on the current Sino-US trade negotiations. Retaliation threats from
China have been heard, nothing definite announced), the sales of USD were seen
behind EUR/USD's rise, though underlying tone remains bearish. Rate holds below
its broken rising trend support $1.1013, drawn off the Oct1 low. A break to
provide some mild relief to the current negative feel.
- Option expiries of note $1.1025-30(E1.15bln). 
- Germany regional CPI's released through morning, pan Germany CPI at 1300GMT.
EZ Confidence Indicators released at 1000GMT.
- Thanksgiving holiday in the US today to effect liquidity. Month-end flow could
provide some EUR/USD buoyancy.  
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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