A strong USD & risk aversion heading....>

EURO-DOLLAR: A strong USD & risk aversion heading into the weekend ultimately

weighed on EUR/USD into the close on Friday, after a buoyant start for the pair.

- The pair last trades unch. at ~$1.1630.

- EUR's cause wasn't aided by a RTRS sources piece released late Friday, which

noted that "a handful of ECB policymakers urged President Draghi to strike a

more cautious tone on the economy in this week's policy message but were

ultimately won over." The piece went on to note that "aside from swings in the

Turkish lira and the Argentine peso, the ECB faces some worries closer to home

as Italy has seen its borrowing costs rise since an anti-establishment

government took power in June."

- Immediate support lies at the 21-DMA ($1.1616), with bulls looking for a close

back above the 100-DMA ($1.1673).

- Final EZ CPI data is due later today, with addresses from ECB's Vasiliauskas,

Coeure & Praet also noted. Flash PMI data provides the highlight later in the

week, as well as a couple of addresses from ECB's Draghi.