Euro/dollar: Europe open $1.1960,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1960, range $1.1958-1.2003, NY open

$1.1964, range $1.1937-1.1984

*Rate lifted on to $1.1974, eased back to $1.1958 before it picked up stronger

demand that took it on to $1.2004 just ahead of the NY open.

*Failure to build on its move to $1.2004 longs pared back, eased rate back to

$1.1959 into the NY open.

*The pair received a lift following eur/gbp demand in reaction to May's speech

on Brexit, with the rate grinding from $1.1958 towards $1.1980.

*The 4pm WMR witnessed pressure on the pair, with the rate falling to $1.1960.As

the WMR finished the rate slowly grinded towards $1.1970.

*Broad based dollar demand in a lackluster session witnessed the rate

drop towards $1.1950. The move was in reaction to US announcing a second round

of trade talks with S.Korea on October 4th.

*As the DXY pared back its losses, the rate followed suit

falling to fresh intra-intra day lows of $1.1937. The rate met demand from ECNS

bouncing back towards $1.1950.