Euro-dollar: Oct30 close $1.1650,......>

EURO SUMMARY: Euro-dollar: Oct30 close $1.1650, Oct31 Asia range $1.1625-53,

Europe $1.1625-50

*Euro-dollar opened in Asia toward the upper side of yesterday's $1.1594 to

$1.1658 range, where broad-based US dollar weakness and upbeat EU data, with

economic confidence surging to its highest level in almost 17 years, underpinned

the single currency

*Euro drifted lower from around $1.1650 to $1.1625 in slow Asian trade, with

reports of modest position squaring ahead of European inflation and GDP data

*Euro-dollar consolidated $1.1635/40 in early Europe

*Short covering squeezed to $1.1650, but with lack of follow through held either

side of $1.1640 for the balance of the session

*The euro started to drift ahead of Eurozone CPI & GDP. Soft core release (0.9%)

pressed to $1.1625, before firmer GDP headline and revisions countered to hold

$1.1630/35

*Month-end flow expected to drive into NY. Traders also reminded of the very

large $1.1600 (E1.1bn) expiry for today's 1400GMT cut.