Early Europe demand emerges to pop......>

EURO-DOLLAR: Early Europe demand emerges to pop rate through Thursday's high of

$1.1634 to extend the recovery off yesterday's low of $1.1509(fresh YTD low) to

$1.1638. Probe higher suggested to have hunted for stops, the rate quickly

reversing back under $1.1630. Headwind resistance suggested at and above

$1.1650, the interest said to extend toward $1.1700. Support into

$1.1600($1.1601 Asia low) ahead of $1.1575. Strong demand said to remain in

place on approach to $1.1500, traders are aware of a large expiry at this level

for today's NY cut, E2.07bn. Flash EZ PMI's due this morning, France at 0700GM,

Germany 0730GMT and EZ 0800GMT, seen key for Q2 growth outlook.