Euro/dollar: Europe open $1.1596,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1596, range $1.1585-1.1611, NY open

$1.1597, range $1.1579-1.1604

*Felt the weight from cable slippage, extended to intraday low of $1.1584 in

early NY.

*The pair remained in consolidation mode after printing a session low of

$1.1584, with the rate bouncing between $1.1590/95.

*The dollar came under a bit of pressure as US Tsys yields slipped and

gold rallied, with the pair grinding to recovery highs of $1.1604.

*The dollar received a lift across the board as US Tsys yields firmed

and oil dropped combined with dollar demand at the 4PM WMR, the rate dropped to

fresh session lows of $1.1579.

*The dollar came under pressure across the board as "Fitch" issued

concerns over the arrests in Saudi Arabia, the rate grinded towards $1.1595.

*Slight dollar pressure into the close, as traders began to square up witnessed

the rate edge towards $1.1600.