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Single currency seen under pressure.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Single currency seen under pressure across the board, though
downside momentum so far not too inspiring. Move seen as traders adjust
positions ahead of today's ECB monetary policy decision at 1245GMT, followed by
ECB Draghi's press conference at 1330GMT. Eur/Usd slips on to $1.2371, as
Eur/Jpy extends its lows to Y131.24 and Eur/Gbp squeezes back toward its earlier
Asian low of Gbp0.8917. Next support seen at $1.2365(Mar2 high), a break below
here to concern bulls.  
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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