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The USD recouped month-, year-end.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: The USD recouped month-, year-end losses through Thursday's market
return, with EUR/USD extending its corrective pullback away from its Tuesday
high of $1.1239 to $1.1164. Rate edged back to $1.1173 into the close. A Tokyo
thinned Asian session saw rate extend this minor correction to $1.1179 before
news of the US strike on Iranian officials in Baghdad(killing the Quds Force
General Qassem Soleimani) prompted a move into risk. EUR/USD was pressed back to
retest Thursday's low but again met decent support here. Break here to expose
next area of support between $1.1155/45 ahead of $1.1132/29(61.8%
$1.1066-1.1239/21-dma). Resistance $1.1180, $1.1200, $1.1220/25, $1.1239. Market
will watch for any retaliation from Iran and possible escalation of hostilities
in the Middle East for effects on risk.
- Germany states' CPI releases begin with Saxony at 0800GMT. Pan-Germany CPI
released at 1300GMT, median 0.4%mm, 1.4%yy. Germany employment data at 0855GMT
ahead of EZ M3 money supply at 0900GMT. US ISM Mfg at 1500GMT.  
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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