Rate fairly unperturbed by the EU.......>

EURO-DOLLAR: Rate fairly unperturbed by the EU parliament elections, last

dealing 10 or so pips higher at $1.1211.

- As a reminder, Lib Dems & Greens have been the biggest winners across the

continent. The populist surge has seemingly been nowhere near as fierce as some

had foretold. Exit polls point to losses for the 2 major parties in the EU

elections (the EPP & Social Democrats), with greater fragmentation observed. The

EPP (centre-right) is exp. to hold the most seats, with the Social Democrats

seen as the 2nd largest. Worth highlighting that the EPP will not hold an

outright majority. The Brexit Party & the Lib Dems have been the big winners in

the UK.

- ECB's Weidmann stuck to his typical hawkish stance in an address made over the

weekend.

- Nearby resistance noted at the 50-DMA of $1.1229, with initial support located

at $1.1192, which represents the 21-DMA.

- A speech from ECB's Coeure provides the highlight of the EZ docket on Monday.