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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovered off Tuesday's low of $1.1104 as market reacted to the
release of headline US CPI, though move was capped at $1.1135 before it settled
back around $1.1125 at the close. Despite the slight miss analysts have
suggested this could be due to transitory factors, adding that year/year
inflation still accelerated, coming in at the fastest pace in over a year. Into
Asia and attention switched to today's signing of the US-China phase-one trade
agreement, though risk appetite was bruised by reports that the US is drafting a
rule to block more sales to Huawei, then soothed by comments from US Tsy Sec
Mnuchin that Trump administration may consider removing tariffs under phase-two
deal, though likelihood for this to be after this year's election and China's
compliance under phase-one. Trade through Asia was confined to a tight
$1.1126/37 range, holding firm within into Europe. No reports seen on EU trade
commissioner Hogan's trip to the US as he meets US trade rep Lighthizer. 
- Support $1.1105/00, $1.1085, $1.1070. Resistance $1.1145/50, $1.1168, stronger
$1.1180.
- Option expiries of note, $1.1000(E1.38bln), $1.1100-10(E1.09bln)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com