Asian holidays made for a fairly........>

EURO-DOLLAR: Asian holidays made for a fairly subdued overnight session with a

paring of risk positions on the back of China reaction to increased trade

tariffs as well as the US sanctions on China's defence agency(recent buying of

Russian jets). Trade in Asia was contained within $1.1737/57, the rate holding

above its NY low of $1.1733, after it have eased from earlier Friday highs of

$1.1803. However, risk pressure gained weight into Europe allowing rate to

extend lows to $1.1732, as early market probed for stops. Nothing triggered on

this first foray, rate currently trading around $1.1735. Next support seen into

$1.1710/00. Resistance $1.1757/67(Asia high/NY recovery high Sep21). Germany Ifo

due for release at 0800GMT.