NY opened at 1.0927, traded steadily lower in light NY holiday trade

Pair dipped to 1.1898 in NY afternoon, just below the Sept. 10 low 1.1901

Traders focused on US-EZ rate diffs ahead of Thursday's expected 25bp EZ cut

Less-dovish Fed expectations after the initial -50bp cut supporting USD bid

Fed's Kashkari reiterated moderate Fed cut path, questioned neutral rate

EZ IP, ZEW survey expectations Tuesday unlikely to change ECB cut intentions

EUR$ supt 1.1898 Monday low, 1.0874 the flat 200-DMA, 1,0825 the 100-WMA

A close below 1.0901- 50% of 1.0601-1.1201 adds to bearish EUR structure

Res 1.0937 Monday high, 1.0979 falling 10-DMA, 1.0997 Oct. 8 daily high

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