Euro-dollar: Europe open $1.1615,......>

EURO SUMMARY: Euro-dollar: Europe open $1.1615, range $1.1602-1.1642, NY open

$1.1637, range $1.1604-1.1658

*The release of weaker than expected German CPI, which showed

inflation dropping to 1.5% (1.7% exp), saw the rate drop sharply towards

$1.1600.

*The rate received a lift, as it was announced the Trump's former

campaign manger had been charged in the Russia probe. Dollar/yen dropped sharply

and euro/yen got a lift. The pair followed suit jumping towards $1.1615.

*Broad based dollar pressure as US Tsys yields slide, over concerns of Trumps

tax plan and Powell rumored to be Fed pick. The rate jumped to fresh intra-day

highs of $1.1646 before slipping back towards $1.1630.

*A further bout of dollar pressure into the NY close saw the rate grind towards

the session highs.

*Stops were triggered on the break of $1.1650 with the rate jumping to a fresh

intraday high of $1.1658.