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Eur/Usd: Asia open $1.1816, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1816, range $1.1771-1.1820. Europe open
$1.1777, range $1.1734-77.
* Sharp pullback from Friday high of $1.1833 to $1.1792 pre end month fix before
rate rallied to $1.1825.
* Rate dropped back to $1.1800 post fix before it ended the week/month around
$1.1820.
* Weekend events in Catalonia Spain saw Eur under pressure in early Asia,
Eur/Usd was pressed down to $1.1777. 
* Rate recovered into Tokyo to $1.1815 before demand for Usd (UST yields higher)
pressed rate down to $1.1771.
* Rate managed a partial recovery to $1.1780 before early Europe added its
weight to take rate to an eventual low of $1.1734. 
* Rate recovered to $1.1753, aided by bounce in Eur/Gbp, but had eased back to
$1.1740 late morning.   
* Release of mixed Manufacturing PMI's in the Eurozone had little effect. 
* US PMI and ISM provide afternoon data interest.
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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