Euro-dollar: European open $1.1778,....>

EURO SUMMARY: Euro-dollar: European open $1.1778, range $1.1721-1.1780, NY open

$1.1750, range $1.1687-1.1758

*Rate slipped back towards $1.1740 in early NY, following gold and oil falling.

*The release of stronger than expected retail sales (up 0.6%) witnessed broad

based dollar demand, with the pair crashing to a new intra-day low of $1.1712.

*The dollar received a further lift, post US data release, as the DXY traded

above 94.00. As the rate fell to a new intra-day low of $1.1687.

*The dollar started to pare its post US data gains, as the rate

rose to recovery highs of $1.1724.

*The release of better than expected US AUG homebuilder index , witnessed a

further wave of dollar buying, as the rate fell back towards $1.1700.

*Dollar profit takers emerged, with ECNS reported buying at the

$1.1705 level, pushing the rate towards $1.1725.

*The dollar pared back its post US data gains, as profit

taking continued with the rate grinding towards $1.1745.

*The pair slipped back towards $1.1735 into the NY close.