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Pullback off Tuesday high of $1.1621....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Pullback off Tuesday high of $1.1621 extended in Asia through its
NY low of $1.1572 to $1.1557 with early Europe adding further weight to take
rate down to $1.1548. FOMC Minutes later, market to focus on comment concerning
the upward revision to the neutral rate and the removal of reference to policy
as accommodative. New SF Fed Daly comments late Tuesday, think it's a balance
between hiking too fast and getting behind the curve, though remarks on the
economy were strong. Market sees her placed on the hawkish side as they begin to
gauge new members of the FOMC. ECB Chief Economist Praet is due to speak at
0730GMT, BUBA Weidmann speaks at 1630GMT. Support seen into $1.1535, break here
to expose $1.1520/15 ahead of $1.1500. Resistance $1.1581(Asia high) ahead of
$1.1600 and Tuesday's high of $1.1621. 
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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