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Release Tuesday of firm US Services.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Release Tuesday of firm US Services ISM data provided the USD with
another boost as EUR/USD extended slippage to a post 1600GMT fix low of $1.1290.
Rate recovered above $1.1300 during the NY afternoon, settling between
$1.1305/10 into the close. Consolidation with a slight bearish tone through
Asia, the miss in Australian GDP weighed on AUD which in turn influenced major
currencies lower versus the USD. EUR/USD eased to retest Tuesday's low, found
support again here though recovery efforts into Europe have so far been capped
into $1.1300.
- Support $1.1290, $1.1276 ahead of $1.1250. Resistance $1.1300/10 ahead of
$1.1320, $1.1350.  
- A light data calendar in EZ Wednesday. US ADP and Trade data in focus this
afternoon. 
- Thursday, the ECB will deliver its latest MonPol decision, which will be
followed by a press conference with ECB President Draghi. Elsewhere, EZ focus
this week turns to EZ GDP (f) due Thursday and remarks from ECB's Nowotny,
Friday. 
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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