EUR/USD last deals at $1.1137, a........>

EURO-DOLLAR: EUR/USD last deals at $1.1137, a touch lower on the day.

- The rate took a nosedive into Europe as flash PMIs from across the region

started to roll in. They painted a particularly downbeat picture of the

manufacturing sector, with readings from Germany, France and EZ all missing

expectations. As a result, the rate bottomed out just above May 29 & 31 lows of

$1.1125. Subsequent recovery attempts held shallow.

- A fall through the aforementioned May 29 & 31 lows and the lower Bollinger

band (2%) at $1.1124 would reinforce the bearish case and open up the May 23 YtD

low of $1.1107. Bulls look to retake the 100-HMA/Jul 9 low at $1.1191/93.

- Italy's ruling coalition won't collapse now after PM Conte backed a high-speed

rail project advanced by the League, earning praise from Dep PM Salvini. The

project has driven a wedge between Italy's ruling coalition partners.

- Spain's acting PM Sanchez struggled to form a new gov't. El Pais reported that

his party sees talks with a potential ally Podemos as having broken down.

- ECB MonPol decision is in the spotlight today, with German Ifo survey also

due.