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Rate saw an extended recovery high of...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rate saw an extended recovery high of $1.1902 Wednesday, a sharp
sell off in bunds was cited with the break of Y134.50 in Eur/Jpy providing the
main drive. End year position adjustments also mentioned, Eur/Usd making gains
despite UST yields edging higher with one major US name suggesting that Eur
yields for 2018 seen under priced while US yield path suggested to be
overpriced. Eur/Usd did ease back to $1.1869 ahead of yesterday's close, edged
back to $1.1882 in early Asia before it settled between $1.1865/75 into Europe.
Resistance remains at and above $1.1900, support $1.1863/58. 
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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