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Eur/Usd: Asia open $1.1658, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1658, range $1.1654-66. Europe open $1.1665,
range $1.1640-68
* Eur/Usd saw an extended recovery high of $1.1687 Thursday then settled around
$1.1660 into close. 
* Tokyo closed for Culture Day and usual subdued pre NFP trade led to a quiet
overnight Asian session.
* Eur/Usd slowly edged to an Asian high of $1.1666 before Europe extended move
to $1.1668 in early business. 
* Usd demand then emerged, pressed rate down to $1.1640 with recovery efforts
capped below $1.1650. 
* Position adjustments ahead of today's key NFP/AHE were seen favoring the Usd,
though overall business was slow. 
* NFP market median seen at 312k from last surprise -40k(due hurricane effects).
* More interest expected in AHE, especially if data comes in stronger than
forecast 0.2%mm.   
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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