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Touched an extended YTD low of..........>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Touched an extended YTD low of $1.1010 through Monday's 1600GMT
fix, bounced to $1.1022 post fix before easing again to $1.1011. Rate then began
a recovery, edged to $1.1020 into the close before Asia took the move on to
$1.1025 but struggled to build. Early Europe took advantage of the rise but has
only knocked it back to $1.1018 in continued subdued trade. Risk aversion was
seen steadying through the Asian session, though markets remains on virus
development watch. Spain jobs data(0800GMT) provides the morning interest,
though not usually market moving. ECB Villeroy (Hawkish) speaks in Paris at
1115GMT, ECB Lane(Dovish) on panel (1500GMT) "Fiscal Rules in Europe: Design and
Enforcement" and Pablo Hernandez de Cos (Dovish), in Madrid. More interest in US
Durable Goods at 1330GMT then Case-Schiller at 1400GMT. 
- Support remains between $1.1010/00, $1.0980. Resistance $1.1020-25,
$1.1040/50, $1.1075/80.
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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