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The single currency opened in Asia at...>

EURO-DOLLAR
EURO-DOLLAR: The single currency opened in Asia at $1.1917 toward the lower side
of the $1.1903 to $1.1950 range witnessed by European and US yesterday, where
modest US dollar strength and a media report suggesting the ECB is unlikely to
reach a decision to change its QE policy before 26 October, undermined the Euro.
There are no schedule events or economic data likely to impact trading in Asia,
traders expect sideways consolidation ahead of the European open and the ECB
meeting. Hourly resistance lies at $1.1950, while hourly support is found at
$1.1908. Euro was last at $1.1922.

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