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USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off Monday's freshly posted YTD low of $1.1077 extended to
$1.1118 Tuesday before reversing, the move back to $1.1081 into the close seen
on the back of reports of the spread of the China coronavirus (a case having
been found in Washington state). Early Asia edged rate back to $1.1087 into
Tokyo before it was pressed down to retest that Monday/YTD low at $1.1077.
Support here, and Chinese authorities announcing preventative measures to
contain the viral outbreak, soothed recent risk aversion, allowed rate to
recover to $1.1086 into Europe, currently trading around $1.1083.
- France Confidence data due at 0745GMT, Italy Industry Orders/Sales at 0900GMT.
- US Chicago Fed Nat Activity and House data provides the afternoon interest.
However, coronavirus developments remain a current key driver. 
- Support $1.1077, $1.1070/65, stronger into $1.1050. Resistance $1.1100/05,
$1.1120, $1.1133/38.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com