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Eur/Usd: Asia open $1.1793, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1793, range $1.1777-95. Europe open $1.1779,
range $1.1731-84. 
* Downside pressure on the Eur continued Tuesday, with Fed Yellen comments added
to post German election reaction.
* Attention switched to US Trump scheduled announcement on Tax Reform, speaks in
Indiana 1700ET 
* Early Asia sales took rate through demand at $1.1785/80 to $1.1777 before rate
edged back to $1.1795. 
* Rate drifted lower through the balance of the session, rested on its earlier
$1.1777 low into Europe. 
* Rate extended low to $1.1772 in opening Europe trade, recovered to $1.1784 on
Eur/Gbp demand then turned lower again. 
* Eur/Gbp met decent resistance ahead of Gbp0.8800 then backed away as Eur/Usd
slipped to $1.1742.
* Recovery capped at Tuesday's $1.1758 low before rate pressed down to the Aug21
low of $1.1731.
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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