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Rate continues to meet support ahead....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rate continues to meet support ahead of $1.0800, touching an
extended low of $1.0801 in early Europe, with recovery efforts holding very
shallow. Of note, the $1.0800 level holds the strike of E1.45bln of EUR puts for
today's NY options cut, with $1.0750 holding E1.79bln of EUR puts. The total of
EUR puts rolling off today between $1.0750 to $1.0600 amounts to E4.48bln. This
interest could provide some downside cushioning.  
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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