Euro-dollar: European open $1.1758,....>

EURO SUMMARY: Euro-dollar: European open $1.1758, range $1.1740-94, NY open

$1.1784, range $1.1782-1.1820

*Stretched rally to $1.1795 (earlier high $1.1794) but reported fade

interest between $1.1795/1.1800 so far keeping move at bay.

*Touched an extended high of $1.1808 in early NY, as North Amercia reacts to

Trumps comments from the previous evening

*The dollar pared back some of its earlier losses, as US Tsys yields

bounced of their lows with the rate drifting towards $1.1790.

*The release of softer than expected US July New-Home Sales, has

seen the rate test the intra-day high of $1.1808.

*Broad based euro demand (especially the crosses) has seen the rate

jump to a new intra-day high of $1.1820.

*A wave of broad based dollar demand, following US Tsys Yields

grinding off their lows, has seen the rate drop towards $1.1800.

*A fresh wave of eur demand following ECB's comment "euro gains so far are not a

 big change" witnessed the rate print a new intra-day high of $1.1823.