EUR/USD last deals at $1.1303, 4 pips...>

EURO-DOLLAR: EUR/USD last deals at $1.1303, 4 pips higher on the day, after

advancing 46 pips on Friday. EUR topped the G10 pile in Friday's Asia-Pac

session, after large EUR/JPY demand was observed around the Tokyo fix, spilling

over into EUR crosses. EUR/USD extended gains through the London & NY sessions,

as the greenback found itself on the defensive. A break above the 55-DMA &

50-DMA, which coincide at $1.1315, would expose Friday's monthly high of

$1.1324. A dip through the $1.1300 mark would open up the 21-DMA at $1.1275.

- ECB's Draghi & Rehn struck a cautiously optimistic note re: EZ econ outlook,

suggesting that there is a chance of a rebound in 2019, while Villeroy said that

there is no global recession in sight. There was also talk of assessing the

side-effects of negative rates, with Vasiliauskas opposed to tiering. Elsewhere,

Italy's FinMin Tria said that Rome's structural budget commitments will be kept.

- EZ focus this week turns to German ZEW survey due Tues, CPI data from across

the EZ due Weds, as well as EZ, French & German m'fing PMIs (p) due Thurs. ECB's

Villeroy will speak later today and again on Weds. His ECB colleagues Nowotny

and Lautenschlaeger will make addresses on Tues and Weds respectively.