Euro/dollar: Europe open $1.1759,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1759, range $1.1748-79, NY open

$1.1751, range $1.1699-1.1751

*The release of better than expected US Jobless Claims was off

set by a slightly weaker US trade deficit, as the rate hovered close to the

intraday low of $1,1734.

*In reaction to hawkish comments from the FED's Williams, in regards

to raising rates in December and unemployment "declining a bit below 4%"

witnessed the rate drop to a new intraday low of $1.1713.

*The euro received a sharp spike as BBG reported "Catalans are said to

stall independence push as leaders divided". The rate jumped from its lows of

$1.1313 to recovery highs of $1.1732.

*The 4PM WMR witnessed fresh pressure on the pair, this combined with

jumping US tsys yields. The rate dropped to fresh intraday lows of $1.1703.

*The pair had a small bounce before a fresh wave of broad based demand saw the

rate drop to a fresh intraday low of $1.1699., before bouncing towards $1.1710.