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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

EURO-DOLLAR
MNI (London)
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.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com