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 through the crosses witnessed the rate jump to $1.1825

before fading.