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Trade in Asia was contained within a....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Trade in Asia was contained within a tight range of $1.1789-1.1808
with early demand in Europe able to edge rate up to $1.1814 in fairly subdued
trade. The $1.1800 level holds the strike of an expiring option for today's NY
cut, value $1.85bn. Resistance noted into $1.1840 with technical traders
watching the 55-wma at $1.1848 for tonight's close with its possible directional
influence for next week. Italy Govt headlines continue to be in the watch list. 
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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