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Reported earlier that Asian traders.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Reported earlier that Asian traders had suggested that the $1.1150
could hold decent demand, with others adding to this suggestion by trying to
link a certain Asian sovereign name to the suspected interest. No confirmation
for this seen or heard. However, rate was rejected from $1.1151 in late
Asia/early Europe, eventually climbing away to a high of $1.1175. Rate currently
trades around $1.1169. Resistance noted earlier between $1.1170/80 ahead of
$1.1200. Support remains in place toward $1.1150.
- Tuesday brings the OECD Economic Outlook at 0900GMT along with ECB speakers
Guindos and Hakkarainen. ECB Visco speaks at 1030GMT. Buba Wuermeling speaks at
1200GMT. EZ Consumer Confidence due at 1400GMT.
- US Redbook at 1255GMT, Existing Home Sales 1400GMT, with Fed Evans speaking at
1445GMT and Fed Rosengren at 1600GMT.  
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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