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US Trump comments over the weekend,.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: US Trump comments over the weekend, which poured cold water on
Sino-US trade progress, acted to weigh on risk into Asia. USD/JPY was pressed
lower, as rate continues to act as the main barometer of risk, which in turn
allowed EUR/USD to recover off its early retest of Friday lows of $1.1017 to
$1.1029 into Europe. Initial resistance expected at Friday's hourly high of
$1.1038, stronger interest noted between $1.1050/60. Support remains at $1.1017,
stronger between $1.1010/00, the latter suggested to be linked to option
interest (with option expiry interest at $1.1000 this week amounting to almost
E3bln).
- Weekend Spanish election reemphasised the political stalemate in the country.
No major effect seen in EUR/USD. 
- A light EZ data calendar Monday.    
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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