Eur/Usd: Europe open $1.1882, range....>

EURO SUMMARY: Eur/Usd: Europe open $1.1882, range $1.1881-1.1920, NY open

$1.1909, range $1.1889-1.1920

*Rate edged to $1.1888 in early Europe, then spiked on to $1.1904 on S.Korea

report N.Korea preparing missile launch on Sep 9th.

*Rate dropped back between $1.1880/1.1900 before it got a late European morning

lift to $1.1921

*Move looked driven in part by the upside correction in Eur/Gbp, edged to

Gbp0.9218, off Friday Gbp0.9150 low.

*Broad based dollar pressure witnessed the rate drop to $1.1889, as oil and gold

firmed. Dip buyers emerged pushing the rate towards $1.1910.

*A small wave of dollar selling, as investors continued to turn to

XAU as a safe haven, with concerns over N.K growing. The rate grinded towards

$1.1920.

*The dollar pared back its losses, after the European close, as the rate drops

sharply towards $1.1885, before meeting demand and bouncing towards $1.1900.