Euro/dollar: Europe open $1.1933,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1933, range $1.1872-1.1936, NY open

$1.1876, range $1.1832-1.1890

*Pressure on the Euro continued in early NY as the rate fell further

to a fresh intra-day low of $1.1864.

*In reaction to no new rhetoric from ECB Draghi, the rate has

dropped from $1.1875 to fresh intra-day lows of $1.1862 before bouncing back

over $1.1870.

*A fresh wave of dollar pressure just ahead of the expected

announcement from the N.K Foreign Minster Ri Yong Ho witnessed the rate grind

towards $1.1885.

*Following pressure on eur/yen, in reaction to North Korea's foreign

minsters comments, the rate dropped to fresh intra-day lows of $1.1850.

*As yen demand continued, putting pressure on eur/yen witnessed the

rate follow suit, triggering stops on the break of $1.1850 and printing a fresh

intra-day low of $1.1832, before grinding towards $1.1850.