Wednesday's release of the EU COVID.....>

EURO-DOLLAR: Wednesday's release of the EU COVID recovery plan, with its larger

than expected fund of E750bln over E500bln suggested (75% in grants), continues

to buoy the EUR, which along with positive equity markets, has allowed EUR/USD

to extend its recent recovery to $1.1035, surpassing Wednesday's immediate react

rally high of $1.1031. Equity market positive risk outlook remains, though seen

slightly bruised by US-China developments concerning HK. Month-end approaching

with early models suggesting USD sales to be seen. The HK situation did allow

for a corrective pullback in Asia to $1.1005 but demand cushioned the move with

rate edging back to $1.1018 into Europe. 

- Germany States' CPI releases due this morning(Saxony begins at 0800BST) ahead

of pan-Germany CPI at 1300BST. European Confidence indexes due at 1000BST. A

slew of US data including Core PCE, Q1 GDP second read, Personal Consumption,

Durable Goods and Weekly Claims at 1330BST. Pending Home sales at 1500BST,

Kansas Citi Fed Mfg at 1600BST. 

- ECB Villeroy speaks at 0830BST. Fed Williams and Harker speak later. 

- Support $1.1000, $1.0980, $1.0956/34. Resistance $1.1035, $1.1050.