EUR/USD plumbed a fresh YtD low.........>

EURO-DOLLAR: EUR/USD plumbed a fresh YtD low yesterday as the greenback regained

poise late doors after fluctuating on the back of month- & quarter-end

adjustments. The rate extended losses earlier today, printing a lower low of

$1.0905, and currently sits 6 pips worse off at $1.0914.

- Bears look to the lower 1.0% 10-DMA envelope at $1.0885; bulls would be

encouraged if the Sep 2 high/psychological barrier at $1.0999/1.1000 gave way.

- The French gov't showed a draft 2020 budget, which includes the tax cuts

promised by President Macron to the Yellow Vest protesters; the document

projects France's GDP growth to reach +1.4% Y/Y this year and +1.3% Y/Y in 2020.

- ECB's Lane said that there is scope for further rate cuts if needed and called

the set of policy easing measures deployed by the ECB at its most recent meeting

"not such a big package." Elsewhere, German Cll'r Merkel urged EU gov'ts to

"make sure that the ECB is not overburdened."

- EZ economic sentiment indicator and the preliminary reading of French CPI are

due later today. ECB's de Guindos, Knot, Lane and de Cos will make appearances.

On Sunday, Austrians head to the ballots for a snap general election.