Euro/dollar: Europe open $1.1758,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1758, range $1.1756-1.1782, NY open

$1.1777, range $1.1770-1.1818

*Broad based dollar pressure following US Tsys yields slipping and

profit taking in usd/yen by ECNS witnessed the rate grind to a fresh session

high of $1.1786.

*The release of stronger than expected US Durable Goods Orders,

coming in at +2.2% with +1.1% expected saw the rate drop to $1.1770.

*A fresh wave of broad based dollar sales, as House speaker Ryan

discusses President Trumps proposed tax reform, witnessed the rate jump to fresh

session highs of $1.1801.

*The release of better than expected US Sept New-Home has seen the

rate drop away from its intraday high of $1.1801 towards $1.1790.

*As UST yields remained under pressure, euro-dollar moved through

$1.1800 triggering light stops on the move. Extended high print of $1.1818

before fading towards $1.1800.