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Eur/Usd: Asia open $1.1852, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1852, range $1.1807-58. Europe open $1.1815,
range $1.1791-1.1826.
* Thursday recovery off $1.1768 extended to $1.1858, the level capping on two
challenges ahead of the close.
* Early consolidation in Asia saw rate confined to $1.1843/53 before rate nudged
up for a test on $1.1858.
* Rate was again rejected with corrective pullback given decent weight on
reports US Senate voted to adopt 2018 Budget resolution.
* News was seen opening the door for Trump's proposed Tax cuts, boosted the Usd
across the board. 
* Eur/Usd eased to $1.1807 then settled around $1.1820 into Europe. 
* Fresh selling emerged early Europe that pressed rate back to $1.1804 but
managed to bonce back to $1.1826.
* Heavier selling dropped rate to $1.1791 be3fore rate settled around $1.1800.
* Weekend concerns over Catalonia, Brexit developments, and US react to
overnight news to drive NY trade.  
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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