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MNI (London)
EURO-DOLLAR: Sharp reversal away from Wednesday's high of $1.0896, as markets
reacted to comments from Fed's Powell, adding his voice to negative rates
aversion as well as knocking risk with his warnings that solvency risks remain
in the coming months, saw rate pressed to a low of $1.0812 in late NY, closing
the day at $1.0815. Weak recovery continued into Asia though only allowed rate
to edge on to $1.0824 before sentiment soured and rate began to drift lower
again, extending the corrective pullback to $1.0805. 
- Support remains into $1.0800, a break to expose $1.0785/80(May12 low/Rising
support off Mar23 low) ahead of $1.0767(May7 low). Resistance $1.0824/31,
$1.0850, $1.0880/85, $1.0896.
- Germany Final CPI 0600GMT provides the early interest, though usually rubber
stamps the flash. US Initial Jobless Claims at 1230GMT provides the main data
focus of the day.
- ECB publishes their Economic Bulletin at 0800GMT
- Fed speakers include Kashkari(dovish), Bostic(neutral), Kaplan(neutral). Watch
for further mention of negative interest rates.     
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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