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Euro/Dollar: Europe open $1.1802,......>

EURO SUMMARY
EURO SUMMARY: Euro/Dollar: Europe open $1.1802, range $1.1784-1.1808, NY open
$1.1792, range $1.1790-1.1815
*Early European dollar demand/further UST yield gains pressed Eur/Usd down to an
eventual low of $1.1784.
*The pair received a lift, following eur/yen breaking Y129.00 and triggering
stops, witnessed the rate jump towards $1.1810.
*Very little market reaction to the release of better than expected
US Jobless Claims, despite the claims rising by 2,000 to 234,000 and beating
estimates of 238,000. The pair slowly drifted towards $1.1795.
*The pair remained in consolidation mode ahead of Jackson Hole. as
the rate drifts between $1.1790/00.
*Euro cross demand witnessed the rate slowly grind to $1.1815, before
meeting resistance from black boxes and slipping towards $1.1805.

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