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Eur/Usd: Asia open $1.1770, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1770, range $1.1765-1.1822. Europe open
$1.1804, range $1.1784-1.1816.
* Eur/Usd recovery off Thursday low of $1.1757 given a boost in Asia as the Usd
came under general pressure on a WSJ article.
* Report suggested that Special Counsel Mueller had subpoenaed Trump's election
campaign last month.
* This along with reports N.Korea close to building a submarine with missile
launch capabilities, provided weight.
* Eur/Usd spiked to $1.182, corrective pullbacks then found support at $1.1804
ahead of Europe. 
* Rate touched an early Europe high of $1.1816 before it dropped to $1.1784 on
Eur cross sales (Eur/Gbp, Eur/Jpy).
* ECB Draghi comments on EU growth allowed Eur/Usd to recover but met headwind
sell interest at and above $1.1800. 
* US Housing Starts/Building Permits at 1330GMT provide the data interest into
the NY session. 
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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