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Single currency rising further here,....>

EURO-DOLLAR
EURO-DOLLAR: Single currency rising further here, EUR/USD hitting new highs on
the session at 1.1045. As has been the case over past few days - suspected
month-end demand (most FX rebalancing models point to USD selling inc. Vs. The
EUR) and the continued unwinding of EMFX carry trade seen supporting the price
here.
100-dma above at 1.1070, with the Jan24 high at 1.1062 also a target
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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