Eur/Usd: European open $1.1825,........>

EURO SUMMARY: Eur/Usd: European open $1.1825, range $1.1811-37, NY open $1.1827,

range $1.1771-1.1863

*A sharp spike in euro as Draghi's sees the GDP forecast for 2018 go

up, bunds dropped and eur/usd spiked to fresh session highs of $1.1863.

*As Draghi comments that HICP forecast were dovish in the near term,

as the core inflation rate has failed to pick up. The rate dropped from $1.1855

to fresh session lows of $1.1800

*A fresh wave of dollar demand as US Tsys Yields firm and

commodities fell further, witnessed the rate drop to fresh session lows of

$1.1795.

*Stops triggered on the break of $1.1790 pushing the rate

to fresh session lows of $1.1771.

*As the dollar came under pressure via usd/cad, following hawkish

comments from BOC'S Stephen Poloz, eur/usd grinded of its lows of

$1.1771 towards $1.1800.

*The USD gets a small boost into the close with the rate dropping to $1.1785.