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Rate was driven to a post fix high of...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Rate was driven to a post fix high of $1.1223  Friday before it
eased off to $1.1200 into the week's close. Rate marked an early Asia low of
$1.1193 before it slowly clawed its way higher through the balance of the
overnight session, edging to $1.1210 where it met resistance ahead of Europe.
Opening Europe lifted it to $1.1211, momentum not too convincing so far though
rate holds firm at writing. A break of $1.1212 to open a move on toward Friday's
high of $1.1223 ahead of $1.1230/35. Support remains back at $1.1200/1.1190,
stronger into $1.1180.
- US Trump tweets were again a market mover Friday, upping the ante vs China in
the current trade spat, criticized the Fed, downplayed any USD intervention.
Market will be on watch for more of the same this week. 
- Focus today on Italy as Senate meets at 1500GMT. Press reports suggest meeting
will decide on timing of the no-confidence vote against PM Conte, the result of
which could lead to a snap election.   
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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