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Euro/dollar: Europe open $1.1804,......>

EURO SUMMARY
EURO SUMMARY: Euro/dollar: Europe open $1.1804, range $1.1784-1.1816, NY open
$1.1799, range $1.1774-1.1806
*Gets pulled back up to $1.1810 as rate reacts to the sharp move
higher in Eur/Gbp(1100GMT fix) before fading.
*The rate slipped back in early NY, as eur/gbp fell from its high. The rate
drifted towards $1.1790.
*The release of slightly better than expected US Housing Starts saw a small
burst of dollar demand, with the rate dropping towards $1.1780.
*Following a dip in US Tsys yields and gold rallying saw the rate pare back its
recent gains, as the pair headed towards $1.1800.
*The dollar pared back some of its losses, as US tsys yields
bounced of their lows and commodities slipped. The rate drifted back towards
$1.1785.
*As the dollar remained under pressure across the board and gold
rallying further saw the rate grind towards $1.1800.
*The pair made a show above $1.1806 before fading, as gold fell from its highs.

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