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The rate having pulled back from........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: The rate having pulled back from Friday highs of $1.1610 to $1.1535
has since consolidated around $1.1550, trade in the main part Asia confined to a
relatively tight range of $1.1540-56. Markets in Asia were seen with a risk off
tone, USD, JPY and CHF all benefiting. EUR saw little reaction to CSU losing its
absolute majority in Bavarian elections. Attitude for risk to remain a key
driver. Data attention on US Retail Sales along with US Empire State Mfg at
1230GMT. ECB Angeloni(0915GMT), Nouy(1600GMT) and de Guindos(1800GMT) due to
speak. EUR/USD support remains at $1,.1535 ahead of $1.1520/15 with $1.1500
holding the strike of an expiring option at today's NY cut, E1.22bn. $1.1450
holds a larger expiry for $2.57bn.  
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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