Euro/Dollar: Europe open $1.1738,......>

EURO SUMMARY: Euro/Dollar: Europe open $1.1738, range $1.1722-62, NY open

$1.1736, range 41.1689-1.1764

*The rate hovered around $1.1735 in early NY, as the market looked for dollar

direction from NA.

*A fresh wave of broad based dollar witnessed the rate crash

from $1.1745 to a new intra-day low of $1.1700 before meeting demand and

bouncing towards $1.1710.

*Stops were triggered through the break of $1.1700, with the

rate printing a new intra-day low of $1.1689

*The dollar pared back its gains, as the rate grinded to

recovery highs of $1.1820 before fading towards $1.1710.

*A quick spike in the pair, as a Manafort spokesman confirms the FBI

raid on his property. Saw the rate jump towards $1.1740.

*The dollar continued to lose ground, as the Fed's Bullard comments

"concerned inflation expectation down since Fed hikes" witnessed the rate grind

towards $1.1760