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Risk aversion again influencing.........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Risk aversion again influencing markets as the Sino-US trade spat
does not look like it will be abating soon. EUR/USD saw a recovery off
Wednesday's low of $1.1149 low to $1.1180 before it eased back, finding support
at $1.1150 ahead of the close. Rate touched an early Asian high of $1.1157
before it resumed the corrective pullback, touched a low in Asia of $1.1148,
extending to $1.1147 in opening European business but so far holding off
Tuesday's (May21) low of $1.1142. Suggestions that reserve interest is helping
to keep this rate buoyed. 
- Support $1.1142 ahead of $1.1135/30. Resistance $1.1180-90. 
- Germany final Q1 GDP due at 0600GMT, expected to confirm prelim release.
France, Germany and EZ flash PMI's due from 0715GMT provides morning focus
alongside Germany Ifo at 0800GMT. ECB Guindos speaks at 0840GMT, ECB Nowotny at
1600GMT. 
- US Weekly jobless claims at 1230GMT, prelim PMI's at 1345GMT ahead of New Home
Sales at 1400GMT. 
- Fed Daly, Kaplan, Bostic and Barkin in panel discussion 1700GMT.  
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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