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Rate edges back above the Friday high...>

EURO-DOLLAR
EURO-DOLLAR: Rate edges back above the Friday high to hit the best levels of the
week so far and challenge the top end of the recent range. A break back above
the $1.1371 level would go a long way to injecting some volatility in the pair,
which has traded either side of $1.1340 for six consecutive sessions. The 55-dma
then provides some resistance at the $1.1386 level with the 100-dma just beyond
at $1.1392.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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