Euro/dollar: Europe open $1.1770,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1770, range $1.1735-77, NY open

$1.1744, range $1.1725-1.1764

*A wave of dollar demand in early NY witnessed the rate drop back towards the

session low of $1.1735.

*The dollar continued its buoyant tone, as concerns over Spain continue, XAU

falling further and Trumps tax plan being passed looking good. Taking all of

this in, the rate followed suit dropping to fresh intraday lows of Y113.33.

*As US Tsys yields fell, XAU received a small lift and the Dow printing another

record high. With all this combined the dollar lost a little ground with the

rate grinding back towards $1.1765.

*The dollar pared back some of its earlier losses, as President

Trump announced that he is "very very close to naming Fed chair". The rate

dropped towards $1.1740.

*A fresh wave of pressure on Euro through the crosses (yen and gbp)

witnessed the rate drop to fresh session lows of $1.1725. The pair met demand

from ECNS and bounced back towards $1.1755.