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EURO-DOLLAR: *** Press comments suggesting ECB to discuss taper at its Sep7
meeting, vote at the Oct26 meeting (RND news group says, citing unidentified
central bank officials) only caused a minor blip higher in Eur/Usd in Asia, the
rate pushing up to $1.1804 before it eased off to $1.1788. Recovery efforts were
capped at $1.1800, the rate settling back on $1.1790 in continued, pre Jackson
Hole, subdued trade. Most Asian traders said press report was largely
ignored/brushed aside as this speculation on the taper timing widely expected
but needs definite hint/comment from ECB Draghi to prompt a stronger reaction.
Rate suggested held within a $1.1785-1.1825 range until we get a definite
directional impetus. Fed Yellen provides the Jackson Hole opening address at
1400GMT with some suggestions she could ply a hawkish line. ECB Draghi at
1900GMT then the focus.