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Eur/Usd: Asia open $1.1744, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1744, range $1.1736-80. Europe open $1.1767,
range $$1.1747-77. 
* Recovery off Tuesday low of $1.1696 extended to $1.1773 in NY before rate
eased back to $1.1739 ahead of the close.
* Rate extended pullback to $1.1736 in early Asia before the Usd came under
general pressure, took rate to $1.1780.
* Short list for FOMC positions viewed as dovish and was suggested for the sell
off in the Usd. 
* However, Catalan situation provided some counter against Eur gains though
underlying tone remained buoyant.
* Rate eased to $1.1764 ahead of the Europe open before fresh demand edged rate
to $1.1777. 
* Catalan vote count could be complete by end of the week/Catalan leader to make
statement later today weighed on the Eur.
* Rate was pressed to a low of $1.1747, bounced to $1.1767 then settled around
$1.1755.  
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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