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USD: Greenback Holds Losses, as Weekly Data Triggers New EUR/USD High

USD

Greenback traded weaker into the US data, and has extended those losses slightly in response. EUR/USD's new high of 1.1120 marks a near 100 pip recovery off the Tuesday low, and narrows the gap with first resistance seen weak into 1.1135, the 61.8% retracement for the downleg off the bull trigger, the late August high of 1.1202 (USD Index support coincides at 100.514.

  • Options interest remains a focus today - with E3.0bln expiring between 1.1075-90, and further ~E7.5bln between 1.11-1.12 at today's NY cut, which could help define the range headed into ISM Services data due in just over an hour.

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