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Recovered off its earlier Asian low.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovered off its earlier Asian low of $1.1435, lifting to $1.1475
into the NY open. Release of US NFP data saw an initial rally in the USD as
market reacted to the stronger than forecast headline NFP number (304k vs median
165k). This demand dropped EUR/USD to $1.1454 only for it to bounce back in
reaction to the sharp downward revision in the previous release (from 301k to
206k) and the weaker than forecast AHE (01.1%mm vs forecast 0.3%). Rate marked a
fresh intraday high of $1.1488 through the 1600GMT fix only to lose momentum
before easing off to $1.1461 ahead of the close. 
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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