EUR ignored earlier comments from.......>

EURO-DOLLAR: EUR ignored earlier comments from ECB's Coeure which offered little

new, along with a WSJ report from the weekend which noted that "the ECB recently

received legal advice that a French member of its executive board, Benoit

Coeure, could be elevated to president, people familiar with the matter said,

adding another potential candidate to the pool. Many European officials had

assumed executive-board members were ruled out under European law." The article

also noted that German Jens Weidmann, considered the front-runner by many, may

be deemed too divisive (this isn't a new argument).

- EUR/USD last deals 15 pips or so higher at $1.1760, hesitating ahead of

$1.1774 (55-DMA). Downside interest is noted at $1.1723 (alternating daily

support/resistance).

- EUR traders' near term focus will likely fall on addresses from ECB's Draghi &

Nowotny later today, with one eye on Brexit/government developments in the UK

after UK Brexit Minister David Davis stepped down from the role.