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Recovery off the earlier $1.1737 low....>

EURO-DOLLAR
EURO-DOLLAR: Recovery off the earlier $1.1737 low has reached a top so far of
$1.1765. Despite initial dollar strength this morning, most currency pairs
remain range-bound. Ahead in Europe, Euro-zone inflation data will be the main
focus, consensus for CPI is 0.1% m/m and 1.5% y/y. Hourly resistance from Friday
is located at $1.1782. Euro-dollar was last at $1.1760.

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