After touching an extended low of.......>

EURO-DOLLAR: After touching an extended low of $1.1214 in early NY trade

Thursday the rate settled between $1.1216-39 through to the close. Asia has

tightened those parameters to $1.1223-36, the rate trading around $1.1233 into

Europe. Asian traders have cited option interest for containing trade, notable

expiries for today's NY cut include $1.1200(E1.66bn), $1.1225-30(E917mln),

$1.1250(E946mln), $1.1275-80(E553mln) and $1.1300(E1.27bn). Asian traders have

also suggested that support is seen from below $1.1220 through to

$1.1175($1.1177 Mar7 low) which is providing some underpinning. Resistance seen

into $1.1240 ahead of $1.1260.

- Germany Retail Sales at 0700GMT(median -1.0%mm, 2.1%yy), Germany Employment

Report at 0855GMT, ECB Coeure speaks in Paris at 0945GMT provide morning focus,

alongside inflation and growth data from several EU countries. 

- Month-end and models suggest mild USD sales to be seen though could be

countered by SOMA interest.