Asia again took over the risk baton.....>

EURO-DOLLAR: Asia again took over the risk baton and took EUR/USD off its late

NY low of $1.1161, through the earlier NY high of $1.1196 and on to $1.1212,

taking out reported decent sell interest placed around $1.1205. Corrective

pullbacks have so far remained shallow, the rate buoyed above $1.1200 into

Europe. Resistance now seen at that posted high of $1.1212 ahead of

$1.1222(100-wma), $1.1237/45(Mar16 high/Mar05 high) with talk suggesting

resistance into $1.1250, $1.1258/63(Mar11 low/Upper 2.0% 10-dma envelope).

Support $1.1180, $1.1160/50.

- Positive risk outlook, led by gains in the equity markets, continues to

provide the main drive, with safe haven ccy's under pressure. Wednesday brings

final Svcs PMI data , Germany Unemployment, EZ PPI and Employment data.

- Into the afternoon focus will switch to US ADP(ahead of Friday's NFP), US

Durable Goods, Factory Orders and ISM non-Mfg. ECB monetary policy announcement

Thursday looms.