### - POV - Key support at $1.1712......>

EURO-DOLLAR: ### - POV - Key support at $1.1712 give way Wednesday, the rate

extending its corrective pullback to $1.1689 in a move that was mainly

influenced by the probe below Y128.50 in Eur/Jpy. Both pairs then bounced back

just as strongly (Eur/Jpy had a few short entry triggers on break of Y128.50,

with those positions then squeezed out on the sharp return). Recently mentioned

demand interest between $1.1720/1.1680 played an active part in cushioning the

dip, the rate recovered to $1.1770 in early Asia Thursday before fresh Eur/Jpy

sales countered and pressed rate back to $1.1727 into Europe open. Trader

reports continue to favour another upside push. Some demand remains in place to

$1.1680, with stronger interest lower down in the $1.1650/25 area ($1.1650 Jun27

low, $1.1613/11 Jul26 low/50% $1.1312-1.1910). Of note, a short term technical

target emerges at $1.1639, based on the 1.618% swing of the recovery from

$1.1689 to $1.1770. Fed Dudley at 1400GMT in focus and could influence ahead of

Friday's key US CPI release. Also of note, Altice (registered in Netherlands,

controlled by Franco-Israeli Patrick Drahi) said by FT to be making a pitch for

US Charter Communications in a deal valued at around $185bn.(JW)