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Strong USD demand, seen in early NY, saw......>

CABLE
MNI (London)
CABLE: Strong USD demand, seen in early NY, saw cable drop from around $1.3010
to $1.2929 before it managed to edge itself back above $1.2940 into the European
close, but has since eased to $1.2935. Strong US earnings cited for the general
USD demand, with risk aversion, via oil, continuing to show its influence.
Support remains at the mentioned low of $1.2929 ahead of stronger area between
$1.2905/1.2895. Resistance $1.2950, $1.2965/75. 
- Wednesday brings UK Borrowing data at 0830GMT. Brexit talks continue so market
to remain on headline watch.  
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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