Eur/Usd: Asia open $1.1792, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1792, range $1.1769-92. Europe open $1.1779,

range $1.1771-1.1801. 

* Pullback from Wednesday's high of $1.1861 extended to $1.1789 into the close.

Early Asia extended move to $1.1769.

* Rate recovered to $1.1789 before it settled around $1.1780 ahead of the

European open.

* Early demand emerged in Europe which lifted rate to a fresh high of $1.1801

but air proved a bit thin above the figure. 

* Rate bounced between $1.1772-97 before it drifted down to $1.1770 late

morning. 

* Moves were seen cross led, the late move lower seen mainly influence by a

corrective pullback in Eur/Gbp. 

* Little to no reaction to release of EU CPI data, confirmed the earlier

released flash.

* US weekly jobless claims, Phila Fed and Import/Export prices, then IP and

Cap.Ut. provide focus into the afternoon.