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Eur/Usd: Asia open $1.1650, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1650, range $1.1625-57. Europe open $1.1635,
range $1.1616-44.
* ECB dovish taper announcement saw Eur/Usd pressed down to $1.1640 in NY
Thursday.
* Continued fallout saw rate reverse away from its early Asia $1.1657 posted
high, found support at $1.1625 tech level.
* Rate then consolidated around $1.1635 through the balance of the Asian session
and into Europe. 
* Early Europe continued the theme, pressed rate through the Asian base and on
to $1.1616.
* Noted support at $1.1615/13 ahead of barrier interest at $1.1600 cushioned
move before rate edged back to $1.1635. 
* Eur/Gbp demand provided some buoyancy for Eur/Usd but overall tone remained
heavy. 
* Attention into the afternoon on US Q3 GDP, market median 2.6%QQ(marked lower
due to possible hurricane effects)
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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