Euro/dollar: Europe open $1.1815,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1815, range $1.1791-1.1826, NY open

$1.1807, range $1.1763-1.1819 

*Heavy selling dropped rate to $1.1791 in early Europe, before rate settled

around $1.1800. 

*The dollar came under a little pressure in early NY, with the rate grinding

towards $1.1820. 

*Broad based dollar demand following US Tsys yields rising and investors pulling

out of XAU, as NY reacts to the US senate voting to adopt 2018 budget resolution

last night, witnessed the rate drop towards $1.1800.

*Broad based dollar demand, combined with the release of slightly better than

expected US Existing-Home Sales, saw the rate drop to fresh session lows of

$1.1781. Dip buyers emerged pushing the rate back towards $1.1800. 

*Following stops being triggered through the break of $1.1780, the rate went on

to print fresh intraday lows of $1.1763. The move was triggerd on Trumps

comments "bringing Taylor and powell to fed an option". Dip buyers emerged in

the from of ECNS pushing the rate towards $1.1785.