Eur/Usd: Europe open $1.1765, range....>

EURO SUMMARY: Eur/Usd: Europe open $1.1765, range $1.1733-68 NY open $1.1738

range $1.1730-71. 

* Eur/Usd came under fresh sell pressure in Europe which pressed rate through

reported demand into $1.1760/50. 

* Later in Europe and in early NY rate touched a low of $1.1732. Recovery

efforts remained very shallow. 

* As with other pairs Eur/Usd saw a bit of whiplash as markets reacted to the

lower than forecast average hourly earnings coming in at 0.2% vs forecast 0.3%

and the release of stronger-than-expected US Nonfarm Payrolls (228k). Rate

eventually settled higher around $1.1760. 

* Albeit at a slow and jagged pace, Eur/Jpy drifted lower to Y133.17 in Europe

before remaining choppy in early NY as the Non-Farm Payrolls and Average Hourly

Earnings data were released. After reaching day's lows of Y133.12 the pair rose

sharply to intra-day highs of Y133.59.