Euro/Dollar: Europe open $1.1764,......>

EURO SUMMARY: Euro/Dollar: Europe open $1.1764, range $1.1731-71, NY open

$1.1752, range $1.1744-1.1805

*The rate slowly grinded higher into the NY open, as dip buyers emerged pushing

the rate towards $1.1755.

*The release of slightly weaker than expected Housing Starts (1.13M

act-1.18M exp) has seen a small amount of pressure on the dollar, as the rate

grinded towards $1.1760.

*Broad based dollar pressure following US tsys yields slipping and

XAU paring earlier losses, witnessed the rate grind towards the intraday high of

$1.1781.

*Broad based dollar pressure as Europe took profit at their close,

witnessed the rate go on to print a fresh intraday high of $1.1794 before

fading.

*A fresh wave of eur/yen demand saw the rate trigger stops through the break of

$1.1800 printing fresh highs of $1.1805.