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Recovered off a European morning low....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovered off a European morning low of $1.1353 to $1.1409 before
topping out into US ISM data, with move seen driven by UST yields. The recovery
in UST yields provided a general boost for the USD and pressed EUR/USD to
$1.1362, as USD/JPY extended its rally to Y111.99, after the European close. USD
retains a firm feel at writing. EUR/USD support seen into $1.1355/45 ahead of
$1.1315/00. Resistance $1.1410/20.  
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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