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Some suggest that recovery extension....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Some suggest that recovery extension through $1.1600 seen on late
react to the release of better than forecast EZ wage costs, the rate pushing on
to $1.1615 before meeting the reported resistance between $1.1615/20. Rate holds
above $1.1600 but market seen wary of accelerating this recovery. Some
suggestions the $1.1600 option expiry (E1.44bn) could provide some anchoring
effect. 
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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