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The 200 week m/a at $1.1712 gets some...>

MNI (London)
EURO-DOLLAR: The 200 week m/a at $1.1712 gets some added airplay as rate holds
close by ahead of the release of key US Employment Report. A close today below
expected to add to the rate's current bearish feel, above and the Eur gains a
reprieve from the week's downside pressure. Headline NFP expected to prompt
initial reaction but analysts will be awaiting AHE (medians NFP 80k, AHE 0.3%mm)
for any secondary, and possibly, larger react. MNI Reality Check would suggest
that the hurricane effects on jobs may be overplayed(forecasts for NFP have been
lowered), as well as any negative effect on wages. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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