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US EURODLR OPTIONS

1Y Midcurve Put Spd Update

EURGBP TECHS

Consolidating At Recent Lows

PIPELINE

Starting to Launch

EURO-DOLLAR
EURO-DOLLAR: The pair grinds gradually higher alongside US equity markets but
runs into resistance ahead of $1.2050 and the Jan8 high of $1.2052. Strong
offers are reported layered between the $1.2090 and $1.21 mark. Data and speaker
calendar thin for the rest of the session so price action could turn to
position-squaring ahead of tomorrow's US CPI release - particularly after the
disappointing PPI number earlier.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com