Eur/Usd: Europe open $1.1793, range....>

EURO SUMMARY: Eur/Usd: Europe open $1.1793, range $1.1790-1.1819, NY open

$1.1811, range $1.1805-1.1849

*Eur was seen with a firm undertone in the crosses which helped to keep rate

buoyed, this theme continued in early NY with the rate printing fresh session

highs of $1.1819.

*Broad based eur demand via the crosses in particular has seen

eur/usd follow suit, the rate has jumped to fresh session highs of $1.1832.

Traders were putting the move down as order driven in very thin markets.

*The dollars received a lift across the board, as US Tsys Yields firmed and the

Dow dropped, with the rate slipping towards $1.1805.

*Euro demand via the crosses led the pair, with the rate grinding back

over $1.1820.

*Broad based euro demand combined with pressure on yen across the

board witnessed the rate go on to print fresh session highs of $1.1849.

*Very little market reaction to the house passing the bill and sending it on to

the senate, with the rate hovering close to the intra-day high of $1.1849.