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Eur/Usd: European open $1.1755,........>

EURO SUMMARY
EURO SUMMARY: Eur/Usd: European open $1.1755, range $1.1738-63, NY open $1.1739,
range $1.1730-1.1823
*The release of slightly weaker US Core CPI data witnessed a spike in
the pair with the rate jumping to fresh session highs of $1.1771 before fading.
*The dollar pared back some of its earlier losses as the dollar
received a lift via US Tsys yields and gold falling. The rate dropped to
pullback lows of $1.1748.
*As US Tsys yields slide and commodities rallied, just ahead of the
FOMC, the rate has rallied to fresh session highs of $1.1778. The move was
attributed to tier 1 institutions squaring up ahead of the minutes.
*As expected the FED has raised rates by 0.25 BPS, eur/usd has
spiked to fresh highs of $1.1802, before fading as the FED say they expect 3
more hikes in 2018.
*A dovish Yellen at the press conference has seen added weight on the dollar,
with the rate spiking to fresh session highs of $1.1825, before fading.

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