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*** Early demand into Europe sees.......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: *** Early demand into Europe sees rate extend recovery off its
Monday NY low of $1.1776(off $1.1834) to $1.1798(38.2% $1.1834-1.1776), with
Asian traders noting sell interest seen into $1.1800. Same traders also note
bids at $1.1750, adding that a trend line off Apr10 lows comes through around
this level. Rate currently trades around $1.1793. 
* Data: Germany Ifo 0900GMT. Medians Business Climate 117.5, Expectations 110.7,
Current Assessment 124.7.
* US Housing Starts, Current Account 1330GMT. 
* Options: Expiries; $1.1730(E336mn), $1.1775(E861mn), $1.1825(E386mn) 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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