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

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.