Euro/Dollar: Europe open $1.1733,......>

EURO SUMMARY: Euro/Dollar: Europe open $1.1733, range $1.1732-1.1809, NY open

$1.1776, range $1.1726-1.1786

*Eur demand strengthened in Europe, and in a move led by Eur/Jpy and Eur/Gbp,

Eur/Usd managed to edge to $1.1809.

*Corrective pullback away from its recovery high of $1.1809 to pullback lows of

$1.1773

before bouncing in early NY towards $1.1790.

*The dollar continued to grind higher in early NY, as US Tsys yields

turned positive and gold fell witnessed the rate drop to pullback lows of

$1.1767.

*The dollar continued its buoyant tone, this combined with concerns

over Germany being able to form a coalition. The pair dropped to $1.1732

before grinding back towards $1.1745.

*As the dollar continued its buoyant tone, getting an added lift

from the demise of gold today, the rate dropped to NY session lows of

$1.1726 before bouncing back towards $1.1735.