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As the dollar continues to lose.........>

EURO-DOLLAR
EURO-DOLLAR: As the dollar continues to lose shine, EUR/USD continues to ebb
higher, but is well off the earlier session highs seen at $1.2276, which may
provide some resistance ahead of $1.2295/97, marking the Jan19 and Jan15 highs
respectively. Rate continues to gravitate away from optional interest for
today's NY cut seen at: $1.2100(E255mn), $1.2200(E660mn), $1.2210(E260mn) and
$1.2220-25(E340mn).

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