Euro/dollar: Europe open $1.1779,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1779, range $1.1773-1.1814, NY open

$1.1814, range $1.1792-1.1833

*The release of weaker than expected Core PCE data has see broad

based dollar pressure with the rate spiking from $1.1803 to fresh intraday highs

of $1.1824.

*Continued pressure on the dollar witnessed the rate jump to a fresh

intraday high of $1.1833. The move coincided with the release of weak US data

earlier.

*The dollar pared back some of its losses in light trading, with the

rate drifting from its intraday high of $1.1833 towards $1.1815.

*A fresh wave of broad based dollar pressure as the rate spiked

towards the intraday high. The move is reported to be 4PM WMR month end

re-balancing related.

*The dollar slowly pared back some of its WMR losses, as the rate

drifted towards $1.1800.

*A wave of eur demand witnessed the rate jump to $1.1825 before fading.