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Eur/Usd: Asia open $1.1807, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1807, range $1.1794-1.1818. Europe open
$1.1802, range $1.1784-1.1808. 
* Eur/Usd recovered from Wednesday's low of $1.1740 to $1.1823 in NY before it
closed at $1.1807.
* Rate edged to an early high of $1.1818 in Asia on reported Eur/Jpy demand,
failure to take cross above Y129.00 reversed tack.
* Eur/Usd eased off to $1.1794, the move aided by a lift in UST yields, before
it edged back to the NY close into Europe. 
* Early dollar demand/further UST yield gains pressed Eur/Usd down to an
eventual low of $1.1784.
* Position adjustments ahead of Friday's Jackson Hole, Fed Yellen and ECB
Draghi, with Germany Wiedmann drawing attention. 
* Sterling pared some recent losses, Eur/Gbp eased from Wednesday high of
Gbp0.92365 to Gbp0.91975, added weight to Eur correction. 
* US Weekly Jobless Claims and Existing House Sales provide focus into the
afternoon; one eye on Trump. 
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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