Early recovery efforts Thursday were....>

EURO-DOLLAR: Early recovery efforts Thursday were capped at $1.1120 before rate

pressed through reported support into $1.1100, the rate touching an eventual low

of $1.1093 into the 1600GMT fix before settling around $1.1105 into the close.

Move lower described as part of the general position clear out, following the

calming in US-Iran tensions. Traders noting that the $1.1100 level holds expiry

interest for today's NY cut, E838mln, but more importantly expiry interest at

this level through next week amounts to around E5bln which could be providing

some attractive influence. However, US Employment Report today at 1330GMT which

could change this outlook. Market median 160k for headline NFP, AHE 0.3%mm,

3.1%yy, the unemployment rate expected to remain at 3.5%. As mentioned Thursday,

the move below $1.1100 failed to extend below $1.1090 leaving stronger support

into $1.1070 unchallenged. Resistance remains into $1.1120 ahead of $1.1134 and

$1.1140/50. 

- France BOF Business Sentiment at 0730GMT, IP/Mfg at 0745GMT but overshadowed

by US NFP.