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Reported month-end flows of USD sales...>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Reported month-end flows of USD sales emerged in thin US trade
Friday which enabled EUR/USD to recover off an intraday low of $1.0981 to a high
of $1.1028 at the month-end fix. Rate then settled around $1.1020 through to the
close. Release of stronger than forecast China PMI's over the weekend provided
an early boost for risk, the releases overshadowing US-China trade talk
reporting, and edged EUR/USD up to $1.1027 in early trade before rate again
settled back around $1.1020 through to the European open. Focus this morning on
EZ Mfg PMI releases. ECB Lagarde testifies at European Parliament at 1400GMT and
US ISM Mfg at 1500GMT provides the afternoon interest.
- Support $1.1010/00, $1.0980. Resistance $1.1027/28, $1.1039(50%
$1.1097-1.0981), $1.1053(61.8%)
- Option expiries of note for today's NY cut, $1.0995-1.1010(E1.85bln),
$1.1015-25(E609mln), $1.1050-55(E589mln), $1.1100(E539mln), $1.1140-55(E1.2bln) 
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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