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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Stretched recovery to a high of $1.1444 post 1600GMT fix Monday
before momentum faded and rate settled back between $1.1425/30 into the close.
Pressure on AUD, reacting to release of soft AU biz. conditions, acted to press
EUR/USD down to $1.1420 in early Tokyo trade where it met support before it
began a slow recovery through the balance of the session. Rate edged to a high
of $1.1440 ahead of the European open. Resistance seen from Monday's high of
$1.1444 to $1.1450, a break to expose stronger resistance between
$1.1490/1.1500. Support remains at $1.1420, a break to expose Monday's NY low of
$1.1405 ahead of yesterday's low of $1.1390. Option expiries of note today at
$1.1410-15(E1.23bn) and $1.1465-75(E1.06bn).
- ECB Pres Draghi spoke yesterday, noting "persistent uncertainties" & "weaker
than exp. data", blaming "softer external demand & some country and
sector-specific factors." Elsewhere, ECB's Visco & de Cos offered little new.
- EZ highlights this week include German CPI & French GDP due Wednesday, as well
as EZ & Italian GDPs due Thursday. Elsewhere, ECB's Villeroy is due to speak
later today, while ECB's Coeure, Mersch & Weidmann will all speak on Thursday.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com