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Rate touched an early Asia high of......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rate touched an early Asia high of $1.1086 before it came under
sell pressure. Asian traders linked move lower to a rush into NZD following
reported comments from RBNZ Gov Orr, sales of EUR/NZD noted as EUR/USD came
under pressure. Rate broke below Thursday's low of $1.1064 to $1.1061 before it
edged back, meeting resistance at $1.1070. Asian traders have noted EUR put
option expiries amounting to E2.49bln are positioned from $1.1050 through to
$1.1020(most concentrated at $1.1050) are due to roll off at Monday's NY cut and
suggest that protective buying ahead could be acting to keep rate buoyed.
Resistance now seen at $1.1090-1.1100 ahead of stronger interest at $1.1113/14.
- ECB Coeure, Lane and Lautenschlager attend Jackson Hole Symposium though
overshadowed by Fed Powell appearance there at 1400GMT. US New Home Sales also
due for release at 1400GMT with St Louis and NY Fed GDP Nowcast outlooks
released at 1500GMT and 1515GMT respectively.   
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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