Euro/dollar: Europe open $1.1879,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1879, range $1.1844-1.1905, NY open

$1.1862, range $1.1823-1.19010

*Pressure on the euro across the board at the 8.15EST ECB

re-balancing witnessed the rate drop to a new intra-day low of $1.1823.

*Following the release of a batch of mixed US data, the dollar pared back its

gains.

*Pressure on the dollar at the 4PM month end re-balancing witnessed

the rate spike towards $1.1900, before slipping towards $1.1870. 

*In re-action to Mnuchin comments regarding the dollar, witnessed

broad based dollar selling, as the rate spiked to a new intra-day high

of $1.1908.

*The dollar pared back some of its losses post Mnuchin comments,

following US Tsys Yields rising and commodities falling from their highs, as the

rate slipped towards $1.1870.

*Broad based dollar pressure following XAU and oil rising witnessed the rate

grind to a new intra-day high OF $1.1910, before falling back under $1.1895