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Eur/Usd: Asia open $1.1931, range......>

EURO SUMMARY
MNI (London)
EURO SUMMARY: Eur/Usd: Asia open $1.1931, range $1.1912-44. Europe open $1.1928,
range $1.1917-57.
* Soft Usd, along with strong Germany Ifo and hints of a German political
resolution, boosted Eur/Usd Friday.
* After break resistance at $1.1880/86 rate rallied on to $1.1944, settled above
$1.1920 into close. 
* Early Asia retested Friday's high before fast money sales of Eur/Jpy helped
press it back to $1.1912.
* Rate edged back to the $1.1920/25 area ahead of the European open. 
* Rate touched $1.1934, diped to $1.1917 before it bounced back strongly to post
a fresh high of $1.1957.
* Rate struggled to hold gains, cross sales again provided a counter as rate
eased to $1.1921, settled around $1.1925/30.
* Comments suggest German parties getting closer to forging fresh ties for
another grand coalition. 
* Full return of NY, following last week's Thanksgiving holiday. 
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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