Euro/dollar: Europe open $1.1700,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1700, range $1.1686-1.1715, NY open

$1.1707, range $1.1670-1.1739

*The release of weaker payrolls falling to -33,000 (70K

exp), was offset by average hourly earnings coming in at 0.5%. The

pair crashed to a fresh intra-day lows of $1.1670.

*The pair had a sharp bounce off its post NFP lows of $1.1670,

spiking towards $1.1700. The move coincided with US Tsys yields dropping from

their highs.

*Broad based dollar selling in reaction to rumors that NK might be

ready to test a missile that could reach US, witnessed the rate

spike to fresh intraday highs of $1.1739.

*After printing the fresh intraday high of $1.1739, the dollar pared back some

of its losses with the rate drifting towards $1.1720.

*A fresh wave of pressure on the dollar into the NY close, witnessed the rate

grind towards the intraday high of $1.1739.