Eur/Usd: Europe open $1.1777, range....>

EURO SUMMARY: Eur/Usd: Europe open $1.1777, range $1.1754-80, NY open $1.1760,

range

*Heavier selling emerged in Europe, with supply seen via Eur crosses, which

pressed rate down to $1.1754 in late European morning trade.

*The rate recovered to recovery highs of $1.1770, before meeting supply just

ahead of the NY open with the rate dropping back towards the session low of

$1.1754 before bouncing back towards $1.1765.

*The release of better than expected US import prices saw a small bout of dollar

demand, with the rate dropping towards the intra-day low of $1.1754.

*Broad based dollar demand following US Tsys yields moving higher,

combined with XAU remaining under pressure and strong US Housing Data Index has

seen the rate drop to fresh intraday lows of $1.1736.

*The dollar started to pare back some of its gains as US Tsys yields

fell from their highs, with the rate grinding towards $1.1755.

*The dollar continued to pare back it gains, in reaction to comments by Trump

that he like all 5 Fed candidates. the rate grinded towards $1.1780.