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US Trump comments Tuesday provided a....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: US Trump comments Tuesday provided a knock to hopes for a near term
positive development in Sino-US trade negotiations, placed pressure on UST
yields and equities. Reaction was to place further pressure on the USD which
allowed EUR/USD to extend its recent recovery to $1.1094 in post fix trade,
though momentum not enough to place any meaningful pressure on the key tech
resistance at $1.1097(Nov21). Loss of momentum saw rate drift back to $1.1079,
closing the day at $1.1082. Early consolidation in Asia before rate extended its
corrective pullback to $1.1074, trading toward this low ahead of the European
open.
- Final Services PMI's due for release this morning in the EZ and provides the
morning's data interest. US ADP (ahead of Friday's NFP) and non-mfg ISM provide
the interest into the afternoon. 
- Speakers include ECB Villeroy, Visco, Makhlouf and de Cos. Watch for any US
Trump comments as he attends NATO meeting. 
- Support $1.1066, $1.1050/40, $1.1005/00. Resistance $1.1094/97, possible
option related resistance into $1.1100.   
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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