A batch of better than expected.........>

EURO-DOLLAR: A batch of better than expected manufacturing PMI readings from

across the Eurozone (except Germany), sent EUR/USD to its intraday high of

$1.1219 yesterday. Nonetheless, the rate eased off thereafter on the back of

broader dollar strength, as risk sentiment faded.

- ECB's Nowotny spoke yesterday, suggesting that the ECB could rethink the way

it defines its inflation goal.

- EUR/USD last deals at $1.1173, unchanged on the day. The initial layer of

support is provided by the Apr 26 YTD low of $1.1112. On the topside, focus

falls on the 21-DMA, located at $1.1228.

- EZ CPI data is set to provide some interest later today. ECB's Enria will

speak, as will ECB's Weidmann. Worth noting yesterday EU Commission Pres Juncker

told Handelsblatt that Weidmann is a suitable candidate to replace ECB Pres

Draghi after the latter's term expires in October.