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White House economic adviser Larry......>

MNI (London)
EURO-DOLLAR: White House economic adviser Larry Kudlow comments that trade
negotiators expected to hold talks in the next 10 days, adding that a Chinese
delegation would come to the US in Sep, provided an early boost for risk. This
early view allowed EUR/USD to edge up to $1.1101 but move ran into headwind
resistance which countered. Trump comments on Huawei (90-day reprieve rolls off
today, possible extension?) bruised the early positive tone but didn't reverse
it. Rate eased to $1.1088  then settled around $1.1090 into Europe. Asian
traders link resistance at and above $1.1100 to option expiries in this region
over the next few days. Option expiries for today's NY cut seen at
$1.1090-00(E687mln), $1.1110-15(E700mln). Support $1.1080, $1.1050.
- A very light data calendar Monday, EU Current Account 0800GMT. EZ Inflation
data at 0900GMT. Not usually a market mover as normally rubber stamps the flash
- Attention this week on Italy politics (PM Conte no-confidence vote Tuesday).
Flash PMI's from France, Germany and EZ and ECB Minutes Thursday.
- US FOMC Minutes Aug21, Fed Powell speaks at Jackson Hole Aug23.  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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