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

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recovery off Wednesday's low of $1.1178 was given a boost as
markets reacted to US Trump comment US to delay the imposition of automobile
import tariffs by as much as six months, the rate spiking up to $1.1225 before
momentum stalled. Corrective pullback initially found support at $1.1200,
eventually traded back to $1.1197 before it settled back above the figure into
the close. Another slow, consolidative session in Asia with rate held within a
range of $1.1201-10, though did gradually edge up from the low to the high ahead
of Europe. Trump executive order, that effectively prohibits US companies from
using any telecoms equipment manufactured by China's Huawei(Huawei not mentioned
by name), along with disappointing Australian jobs data, knocked risk outlook
but had little effect on EUR/USD. 
- Minor support $1.1200 ahead of Wednesday low of $1.1178. Resistance $1.1225,
$1.1240/50. 
- Light EZ data calendar Thursday. ECB Praet moderates on a panel in Brussels
0730GMT, de Guindos speaks at 1230GMT.
- US Phila Fed and Weekly Jobless Claims provide interest into the afternoon. 
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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