Eur/Usd: Dec13 close $1.1818, Dec14....>

EURO SUMMARY: Eur/Usd: Dec13 close $1.1818, Dec14 Asia range $1.1822-44, Europe

$1.1811-37

*Euro-dollar opened in Asia at the upper end of yesterday's $1.1730-1.1832

range, where softer than expected US inflation data and a perceived dovish Fed

hike triggered broad US dollar sales

*After dipping modestly to $1.1822, real money demand from Eur/Jpy propelled the

pair through yesterday's high to $1.1840 before fading

*Dips were shallow and limited to $1.1829, before further demand then saw a

session high print of $1.1844

*Eur/Usd opened heavy in Europe, rate moved through the Asia low to $1.1811

before dip buyers cushioned falls

*Strong mfg PMI readings across Europe triggered fresh appetite, rate squeezed

to $1.1837 before firmer UST yields pared gains

*Narrow range trade continued with main focus on the ECB rate decision

(1245GMT), followed by President Draghi's press conference (1315GMT) for clearer

direction. Last $1.1820.