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Recovery off Thursday's low of..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off Thursday's low of $1.1541 extended to $1.1573 in Asia
before momentum faded. Rate has drifted lower in late Asia, with early Europe
adding further weight to take it back to $1.1548. Wednesday's low of $1.1541
back in view, a break to expose the Jun21 YTD low of $1.1509. Option interest
into $1.1500 expected to cushion any move toward this area. Sterling under
pressure in early Europe also adding some weight, seen reacting to earlier BOE
Cunliffe comments voicing concern on household debt, though EUR/GBP edging above
Gbp0.8830 seen diverting some of this pressure. EU leaders summit begins today
with migration, along with Brexit, expected to be the main topics. EZ sentiment
indicators due for release this morning along with regional German state CPI's. 
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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