Euro/dollar: Europe open $1.1777,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1777, range $1.1730-77, NY open

$1.1745, range $1.1731-1.1762

*The pair bounced of its lows, as NY arrived and US Tsys yields dipped pushing

the rate towards $1.1750.

*The release of better than expected US Sept ISM, witnessed a sharp burst of

dollar demand, as the rate dropped to $1.1731.

*The rate bounced off $1.1735 back towards $1.1750, as willing dip buyers

emerged.

*A fresh wave of dollar demand, as XAU heads towards its intraday

low and US tsys rise has seen the rate follow suit with the rate dropping

towards the intraday low of $1.1730.

*The dollar came under pressure, in reaction to dovish comments

from the Fed's Kaplin "the Fed can afford to be patient" with the rate grinding

towards $1.1750.

*The dollar gets a lift into the close following US Tsys yields, with the rate

drifting back towards $1.1735.