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Rate extends the day's losses below.....>

EURO-DOLLAR
EURO-DOLLAR: Rate extends the day's losses below the $1.12 handle, touching
$1.1181 so far, the lowest since May 9th's $1.1174, which becomes the first
target. Risk sentiment appears to be taking a minor move lower ahead of the NY
crossover, with US equity futures lower and JPY gaining a minor bidtone in
recent trade. Options expiries in EUR/USD rolling off at the cut today may stem
any further falls (E669mln at $1.1200-10) but sentiment swings remain the key
drivers of FX spot at present. German Bund futures touch the best levels of the
session also, with German yields pressing to the lowest level since September
2016. 
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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