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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Touched a low of $1.1113 Monday before rate recovered, picked up
momentum through the US session, traded to a high of $1.1147 through the 1600GMT
fix then drifted off to close the day at $1.1134. Consolidation through Asia,
rate confined to a range of $1.1131-42 as effects of the sharp rise in USD/JPY
(risk boosted ahead of US-China phase one signing and US removing China's
'currency manipulator' tag) countered as move lifted EUR/JPY. Demand emerged in
early Europe to take rate to $1.1145, but so far has held off a retest of
Monday's high.
- Support $1.1131, $1.1113 ahead of $1.1100. ($1.1100 holds strikes of E2.96bln
- E2.91bln EUR puts, expiring options for today's NY cut).  
- Resistance seen into $1.1150 ($1.1150-70 area holds strikes of E2.87bln -
E1.54bln EUR calls, of expiring options for today's NY cut). Break of $1.1150,
$1.1162/68, stronger into $1.1180. 
- Data light calendar for the EZ. Focus on US CPI at 1330GMT, market median
0.3%mm, 2.4%yy; core 0.2%mm, 2.3%yy.     
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com