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Euro-dollar: European open $1.1739,....>

EURO SUMMARY
EURO SUMMARY: Euro-dollar: European open $1.1739, range $1.1721-74, NY open
$1.1749, range $1.1730-1.1761
- A period of consolidation followed, before late short covering squeezed to
$1.1774.
- The dollar slowly pared back its losses into the NY open, as the rate drifted
towards $1.1740.
- Broad based dollar pressure, following a drop in US Tsys yields, has seen the
rate grind towards $1.1765.
- The pair consolidated for the majority of the European afternoon/NY morning
session, as the rate bounced between $1.1740-50.
- As the dollar gets a lift following usd/yen and spiking US Tsys yields, in
reaction as "report on Bannon is said to be imminent and he could be fired-BBG",
has seen the rate drop towards $1.1730.
- The dollar lost ground, in the wake of Bannon firing, as the rate grinded
towards $1.1770
- As NY came to a close the rate slipped back towards $1.1755.
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