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Release of softer than forecast.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Release of softer than forecast Germany PMI data dampens the
earlier enthusiasm for the EUR, seen following release of strong French data.
However, underlying tone remains buoyant with rate currently trading around
E1.1142, off its recently posted high of $1.1163. EU data due at 0800GMT, median
Mfg 46.0 (last 45.7), Svcs 51.9 (last 51.6), Comp. 50.4 (last 50.1). Next
resistance $1.1179 (Oct21 high), support around $1.1130, $1.1106 (Oct23 low).  
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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