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Pullback from earlier high of $1.1419...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Pullback from earlier high of $1.1419 saw rate touch a correction
low of $1.1374. Move seen influenced by the strong rally in USD/TRY taking the
shine off the earlier risk-on tone. Rate currently trades around $1.1380 as TRY
eases off lows but underlying tone remains heavy. EUR/USD resistance remains
into $1.1420, with the $1.1400-10 area holding expiry interest for today's NY
cut, E1.9bn. Support $1.1375/65 ahead of Thursday NY low of $1.1348.  
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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