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Risk continued to flip into Asia........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Risk continued to flip into Asia trade as markets kept focus on US
legislation progress for a HK Human Rights Bill vs progress of Phase One Sino-US
trade talks (comments from China Vice-Premier Liu He 'cautiously optimistic',
though countered by a Rtrs comment that Phase One could be phased out next year,
Trump seen on the fence over the matter). EUR/USD, which had recovered off a
Wednesday low of $1.1053 to $1.1081 then closed the day around $1.1072, saw
gradual slippage off an early Asia high of $1.1079 to $1.1073 into Europe. Most
of the risk reacts were seen in USD/JPY and EUR/JPY in Asia. On the domestic
front, focus turns to speeches today from ECB de Guindos and Mersch ahead of
Lagarde's first major speech Friday. A light EZ data calendar (France Mfg
Confidence 0745GMT) with market awaiting Friday's release of flash PMI's. 
- Support $1.1061, $1.1053. Resistance $1.1090/1.1100. 
- Option expiries for today's NY cut, $1.1000(E1.16bln), $1.1020-25(E970mln),
$1.1035-50(E1.79bln), $1.1090(E1.41bln), $1.1100-10(E1.15bln) 
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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