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. 

*The pair consolidated for the majority of the NY afternoon session, with the

trading between $1.1730/40.