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EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Release of stronger than forecast Germany Factory Orders
provided the added impetus to take rate back above $1.1700, though only from
around $1.1699 to $1.1705. Underlying strong Usd seen providing the counter.
Resistance seen at the earlier Asian high of $1.1716 ahead of $1.1735. Focus on
today's key US Employment Report (1230GMT). Forecasts have been wide, having
been marked down due to expected hurricane effects with median seen at 80k.
Expect some reaction to the headline release but more attention to be placed on
accompanying AHE, median 0.3%mm. MNI Reality Check would tend to suggest little
negative effect seen from the hurricanes. Eur/Usd support seen at $1.1686(Asia
low) with demand having been reported in recent sessions into $1.1680. Stops
noted through $1.1680/75. 
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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