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The weaker dollar story saw the euro....>

EURO-DOLLAR
EURO-DOLLAR: The weaker dollar story saw the euro extend gains through yesterday
top of $1.1779 to a high so far of $1.1790. Reports of option sellers capping
the rise, which makes sense given two fairly large expiries for today at
$1.1795(E1.41bn) and $1.1800(E1.21bn). Traders now expect further range-trading
ahead of the European open and the release of Eurozone July CPI, with $1.1790-00
capping the topside and demand now expected $1.1770-75 from options accounts.
Euro presently trades at $1.1780

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