Eur/Usd: Asia open $1.1915 range.......>

EURO SUMMARY: Eur/Usd: Asia open $1.1915 range $1.1897-1.1937. Europe open

$1.1933, range $1.1892-1.1936.

* Eur/Usd closed Friday at $1.1951 and was marked down to $1.1915 at the Asia

open following German election results.

* Merkel's CDU/CSU came in as the largest party, though with a reduced

percentage, far-right AfD came in third.

* SPD coalition partner has said it will move away from coalition to become main

opposition.

* Eur/Usd initially corrected back to $1.1912 before it eased to a low of

$1.1897.

* Rate recovered through the balance of the session, filled a gap to $1.1937

ahead of Europe. 

* Early Europe touched a high of $1.1936 before sellers emerged (Eur/Gbp sales)

to press rate to $1.1900. 

* Rate recovered to $1.1915 before breaking down to $1.1892, as Eur came under

general pressure via crosses. ECB Draghi(1300GMT).