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EUR-USD: European open $1.2025,........>

EURO SUMMARY
EURO SUMMARY: EUR-USD: European open $1.2025, range $1.2023-1.2081, NY open
$1.2059, range $1.2026-1.2069
*Made a show above Friday's high of $1.2026 to $1.2032 in early
European dealing as the Usd remained under pressure following the end
month(year/quarter) flow seen Friday.
*The dollar remained under pressure through the European morning, with the rate
grinding to fresh highs of $1.2081 before fading to pullback lows of $1.2057
just ahead of NY.
*As the euro came under pressure via eur/yen, as the yen remained in
demand, eur/usd followed suit dropping towards $1.2050.
*The dollar started to pare back some of its European losses, as US Tsys yields
firmed and some profit taking by ECNS saw the rate drop towards $1.2025.
*The pair received a lift via eur/yen although flows and volume were
very light with the price grinding back towards $1.2060.
*The dollar received pared back some of its losses as profit takers emerged with
the rate dropping back towards $1.2045. 

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