Euro/dollar: Europe open $1.1751,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1751, range $1.1731-55, NY open

$1.1755, range $1.1760-1.1828

*Recovery momentum picked up, allowed rate to extend recovery away

from earlier lows of $1.1731 to a fresh intraday high of $1.1770

in early NY.

*The dollar continued its bearish tone in early NY, as the rate

broke the previous high of $1.1770, pushing the rate to a new intra-day high of

$1.1790.

*Made a show back above $1.1800, the rate printed a new intra-day high of

$1.1805 before meeting resistance and falling back towards $1.1790.

*A fresh wave of dollar sales, as concerns over US tax reform and geo-political

concerns over North Korea re-emerged, witnessed the rate grind to fresh daily

high of $1.1828. The rate pared back

its gains drifting towards $1.1805 into the NY close.