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###POV..The main talking point today....>

EURO-DOLLAR
EURO-DOLLAR: ###POV..The main talking point today was whether the solid US
payroll data will see a sustained dollar rally or whether Friday's US dollar
surge was just simply a correction within a downtrend. The consensus was that
more input was needed, sadly, that means another waiting game until this
Friday's US inflation data and a speech from Fed's Bullard on the same day. It
is worth pointing out in an exclusive interview to MNI last week, Bullard stated
that he believes there should be no more rate hikes in 2017. In the meantime,
the dollar is expected to broadly consolidate and with VIX trading around 10,
the Euro may well stay inside Friday's $1.1728 to $1.1889 range until we see
what unfolds on the US data front and Bullard's speech.

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