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EURO-DOLLAR: Rate breaks through the earlier highs to make a fresh approach
toward the $1.18 mark with little catalyst. Spot remains capped by the 38.2%
retracement level for the $1.1724-1.1815 (yesterday's range), sitting at
$1.1780. A break above here would open up a move toward the handle and the
week's high of $1.1815.