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EURO-DOLLAR: What looked to be decent early demand interest in Eur/Usd, with
rate extending highs to $1.1929 (Asia high $1.1925), the release of weaker than
forecast Germany Factory Orders data really took the wind out of the sails. Rate
was knocked back to $1.1914, but is slowly tring to claw back lost ground. Rate
currently trades around $1.1925 at writing. ECB looms Thursday, and with risk
off linked to the current N.Korea situation, as well as market pushing back
calls for a Fed rate hike, dollar weakness continues to favor the Eur.