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UST yields remained firm in Asia and....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: UST yields remained firm in Asia and consequently allowed the USD
to make mild gains in a fairly subdued overnight session,  Australia and NZ
markets closed for ANZAC Day. EUR/USD drifted back from an early posted high of
$1.2239 to $1.2212 into Europe, with rate holding heavy at writing. Support seen
at the NY low of $1.2196 ahead of $1.2182. A break of $1.2180 to expose next
band of support between $1.2160/50. Resistance $1.2245/50. A light EZ data
calendar, ECB Villeroy, Knot and Lane are due to speak in Paris at 0700GMT. UST
yields remain in the driving seat for direction, with Thursday's ECB meeting
approaching fast (no change widely expected with main focus on ECB Draghi's
press conference).  
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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