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Rate managed to extend its recovery.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rate managed to extend its recovery off Tuesday low of $1.1916 to
$1.1949 in Asia, helped in part by Usd/Jpy, which had seen LHS interest emerge
at the Tokyo fix despite it being a Goto-bi day. However, Usd demand vs the Eur
emerged and has pressed rate back to $1.1923 into early Europe with rate holding
a heavy tone at writing. Asian traders have suggested real money demand interest
placed into $1.1920 ahead of yesterday's low. A break to expose next demand
interest into $1.1900. Resistance $1.1949/50.  
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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