Another rejection from above $1.14......>

EURO-DOLLAR: Another rejection from above $1.14 (rate touched a slightly

extended high of $1.1404 Wednesday) saw rate ease off to $1.1363 in NY

yesterday, steadied around $1.1370 into the close. A fairly muted Asian session,

range $1.1367-80 but mainly restricted within $1.1370-80, the base of which

challenged into early Europe but again held firm. Month-end and fresh bank model

readings suggest stronger USD sales to be seen at today's fixings (earlier

forecast was for weak USD sales). SOMA operations said to be a relatively small

$6.8bn. Trump-Kim summit ended without a joint statement, market awaiting Trump

press conference. Risk outlook bruised again, following earlier release of

weaker than forecast China PMI's, but little reaction in EUR/USD. 

- Support $1.1370-63, $1.1345. Resistance $1.1380, stronger into $1.1400/10.

- Preliminary CPI figures from across the EZ, along with French GDP due this

morning. Chicago PMI the data interest into the afternoon.

- Fed Clarida, Bostic, Harker and Kaplan all speak later.