Euro/Dollar: Europe open: $1.1865,.....>

EURO SUMMARY: Euro/Dollar: Europe open: $1.1865, range $1.1809-76, NY open:

$1.1836 range:$1.1836-$1.1932

* Picked up fresh demand early Europe, seen via Eur/Gbp, as rate edged up to

$1.1874 after moving above the earlier Asian high of $1.1871.

* Stretched up to $1.1876 before the Usd pared losses and pressed rate through

the earlier Asian base of $1.1847 as Usd demand seen across the board.

* Dropped to a fresh low of $1.1823($1.1825), from around $1.1833 as EZ flash

CPI came in on the weaker side, core read failing to edge back to 1.0%, actual

0.9%yy.

* The recovery off earlier traded lows ($1.1809) extended to $1.1843 before

price stalled around resistance from the 50% fibo of daily range $1.1809-76.

* Persistent dollar supply (possibly linked to mth-end) and comments from

Senator Collins

that she was 'not committed' to vote yes on the tax bill squeezed the pair

through the European morning high to $1.1899. The pair pushed pass the $1.1900

level and reached an intra-day highs of $1.1932.