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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

### - POV - Underlying Eur/Usd tone.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: ### - POV - Underlying Eur/Usd tone remains buoyant ahead of this
afternoon's key ECB rate announcement/ECB Draghi press conference. Focus set on
today's ECB announcements, some seeing a chance that policy may be reported at
the 1145GMT rate announcement, though most await ECB Draghi press conference at
1230GMT. Staff forecasts due for release at today's meeting will also provide
interest, EZ economic growth outlook expected to rise while EZ inflation
expected to be marked lower due to recent Eur strength. From comments ahead of
today's meeting the likelihood that there will be no actual announcement on QE
seems high, though with a possible hint at future action. This could have the
effect of pressing back on Eur/Usd, though rate would need to break below
$1.1820 to negate the current positive tone. However, ECB tapering is in the
pipeline which should attract fresh buying into any negative react dip. As was
seen in the initial reaction to last Friday's NFP it is suggested that rate
could run into headwind supply at $1.1980/1.2000, stronger at the recent high of
$1.2070(Aug29). Market suggestions are that ECB not keen on Eur/Usd above
$1.2000.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com