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Eur/Usd: Asia open $1.1840, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1840, range $1.1839-56. Europe open $1.1851,
range $1.1851-83.
* Usd correction Tuesday saw Eur/Usd pressed down to $1.1827 before it recovered
to $1.1848 ahead of the close.
* Recovery, albeit slow, extended on to $1.1853 in early Asia, dipped back to
$1.1840 before correction resumed. 
* Rate settled between $1.1848/56 ahead of the European open.
* Europe reaction to the UK/EU Brexit deal saw fresh demand for cable, the move
up dragged Eur/Usd up to $1.1875.
* Rate found support at $1.1860 on the pullback, the release of stronger German
state CPI's provided fresh demand.
* Rate edged on to $1.1883 before it drifted off to $1.1865 late morning. 
* German state CPI releases turns attention to pan-German release, stronger
outcome to influence flash EZ CPI Thursday. 
* US Q3 second read 1330GMT, chance for an upside revision. Personal Consumption
and Core PCE due same time.
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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