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Eur/Usd: Asia open $1.1871, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1871, range $1.1864-82. Europe open $1.1868,
range $1.1863-86. 
* Eur/Usd saw an extended recovery to $1.1902 Wednesday.
* Sharp sell off in bunds cited with the break of Y134.50 in Eur/Jpy providing
the main drive. 
* End year position adjustments also mentioned, Eur/Usd making gains despite
higher UST yields
* One major US name suggested Eur yield path for 2018 under priced, while US
yield path overpriced. 
* Eur/Usd eased to $1.1869 ahead of Wednesday's close, edged to $1.1882 early
Asia then drifted off to $1.1863.
* Rate recovered in Europe, touched an extended high of $1.1887 and remained
firm late morning.
* Resistance remains at and above $1.1900, support $1.1863/58.
* US Weekly Jobless Claims, GDP Final Q3, Personal Consumption, Core PCE and
Phila Fed in focus. 
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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