EUR/USD: open $1.1943, Asia range......>

EURO SUMMARY: EUR/USD: open $1.1943, Asia range $1.1937 to $1.1949, European

range $1.1947 - $1.1988.

* Weaker dollar theme prevailed across the Asia session and into the European

open where the pair easily broke through several resistance levels to print a

high of $1.1988 before fading.

* Bank models suggest continued rebalancing away from the dollar for month-,

quarter- and year-end purposes, which has helped lift EUR (as well as others)

throughout the morning.

* German state inflation numbers have been uninfluential and risk events are few

and far between with the exception of German harmonised CPI figures at 1300GMT.

* To the upside, offers are reported into the $1.20 handle where E878mln of

optional interest is also scheduled to roll off at the NY cut.

* On the US side, the St. Louis Fed's latest Real GDP Nowcast will be released

at 1600GMT, with the NY Fed GDP Nowcast expected at 1615GMT.