Euro/dollar: Europe open $1.1685,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1685, range $1.1685-1.1722, NY open

$1.1708, range 

*Edged on to $1.1722, as the Euro picked up general demand interest following

the release of stronger than median forecast Germany CPI.

*Extended recovery, off Thursday's pullback low of $1.1650, to $1.1732.

*The release of slightly weaker than expected GDP revisions witnessed broad

based dollar pressure. The pair spiked to a new intra-day high of $1.1754 

*The dollar pared back some of its post GDP losses, with the rate slipping

towards $1.1715. 

*Pressure on the greenback following firming commodities and US Tsys yields

falling, saw the rate grind towards the intra-day high of $1.1754. 

*In reaction to reports by RTRS that North Korea has fired a test missile

witnessed the rate spike to a new intra-day high of $1.1764 

*The pair drifted back towards $1.1750 into the NY close, however the bearish

dollar tone remained.