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Settles around $1.1795 as market........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Settles around $1.1795 as market awaits US influence. Rate earlier
made shows above $1.1800, extending the intraday high to $1.1809, but headwind
resistance was noted. Despite this counter the rate didn't pull back too far and
seen keeping options open for a further push higher. Attention now turns to US
CPI to provide directional impetus, market median for 0.2%mm for both headline
and core, the latter holding the main interest. Result will not affect
Wednesday's FOMC decision but could be a pointer to future rate path into 2019,
traders suggest. Initial resistance noted at Monday's highs of $1.1814-21 ahead
of stronger resistance from $1.1830 through to $1.1850. Support seen back at
$1.1755 ahead of the earlier Asian low of $1.1841.
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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