Eur/Usd: Asia open $1.1914, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1914, range $1.1903-25. Europe open $1.1914,

range $1.1910-50.

* US markets returned Tuesday after Labor Day and played catch up on the risk

off plays caused by N.Korea developments.

* UST yields were pressed lower which acted to soften the Usd across the board,

extended bounce off $1.1868 to $1.1941.

* Rate eased to $1.1895 before it picked up fresh demand ahead of the close that

took it back to $1.1930.

* Rate eased to $1.1914 into Asia, dipped to $1.1910 before it edged to $1.1925

on soft UST yields.

* Eur/Usd dropped to $1.1903 as UST yields pared losses before rate settled

between $1.1905/15 into Europe.

* Sharp rejection from the Y108.50 level in Usd/Jpy allowed Eur/Usd to recover

off a German Factory Orders dip low of $1.1914.

* Rate rallied through the balance of the European morning to $1.1950.

* Focus on Thursday ECB meeting with N.Korea developments continuing to drive.