Announcement that US to impose $200bn...>

EURO-DOLLAR: Announcement that US to impose $200bn of tariffs on Chinese

imports, which had been well flagged, led to a slight reversal in risk with

EUR/USD dropping to a low of $1.1667, off an early Asian high of $1.1688 and

extending the pullback from Monday's high of $1.1698. Tariff detail suggested a

slight watering down of expected punitive duties, which along with the return of

the Tokyo market, which lifted Nikkei, saw EUR/USD bounce back, moving on to a

high of $1.1703. Rate eased to $1.1685 into Europe, fresh buyers emerging to

take rate to $1.1694. Resistance now seen at $1.1703/05, a break to expose

$1.1717/22. Support $1.1685 ahead of $1.1667. 

- ECB President Mario Draghi speaks in Paris at 0715GMT, followed by ECB

Supervisory Board Chair Daniele Nouy at 0730GMT.