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Euro/dollar: Europe open $1.1876,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1876, range $1.1856-80, NY open
$1.1854, range $1.1827-1.1862
*Strong US Initial jobless claims (243K act-250K est) witnessed the rate drop to
fresh intraday lows of $1.1848, before bouncing back towards $1.1860.
*A fresh wave of dollar demand, post solid US Data witnessed the rate
fall to fresh lows of $1.1841. The move coincided with US Tsys yields bouncing
off their lows.
*Broad based euro pressure through the crosses particularly yen, saw the rate
drop to fresh intraday lows of $1.1829.
*The euro pared back some of its losses, as the rate grinded back towards
$1.1850. The move coincided with XAU bouncing off its lows.
*The dollar received a lift as US Tsys yields bounced, as the rate dropped to a
fresh intraday low of $1.1827.
*In reaction to an earthquake in NK, which USGS cannot confirm was natural or
manmade, witnessed the rate spike towards $1.1850, momentum faded with the rate
drifting towards $1.1835.

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