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Eur/Usd: Asia open $1.1595, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1595, range $1.1586-1.1600. Europe open
$1.1603, range $1.1590-1.1616. 
* Eur/Usd continued to consolidate close to $1.1600 through Asia, following on
from a similar scenario Wednesday. 
* Sharp fall back in the Nikkei weighed on Usd/Jpy which in turn edged Eur/Usd
to $1.1616 in early Europe. 
* Eur/Jpy was then influenced lower and took Eur/Usd with it, the rate fell back
to $1.1590. 
* However, cross plays provided support, a recovering Eur/Gbp allowed rate to
settle back around $1.1600.
* Tight trading ranges persist with some decent sized option expiries for
today's NY cut aiding. 
* Notable close-by options expiries $1.1600(E1.43bn), $1.1680(E1.06bn) and
$1.1700(E1.42mn).
* ECB Coeure(1300GMT), ECB Mersch(1315GMT), ECB Constancio(1345GMT), ECB
Villeroy(1500GMT), ECB Lautenschlaeger(1820GMT)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MarketsForeign Exchange Bullets

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