Euro-dollar: Sep27 close $1.1746,......>

EURO SUMMARY: Euro-dollar: Sep27 close $1.1746, Sep28 Asia range $1.1727-56,

Europe $1.1721-73

*Euro-dollar traded sideways within a $1.1741-56 range in early Asia

*As UST yields moved higher the US dollar was broadly bid, Euro eased lower from

around $1.1750 to $1.1733

*Pullbacks were limited to $1.1743, as the benchmark 10-year yield jumped over

the 200-dma, the euro pushed lower to $1.1727

*Recovery efforts stalled ahead of $1.1740 into Europe, UST yields firmed,

supply re-emerged with a deeper reversal to $1.1721

*As the early dollar rally failed to build, support from the 200-wma cushioned

falls, rate was quick to pare early losses

*Strong German Saxony CPI squeezed to $1.1751, but soon faded

*Minor pullback encountered willing dip buyers ahead of earlier lows. The euro

gained a fresh bid tone, squeezed to recovery highs of $1.1773 and holds firm

*Option-related supply is noted at $1.1800 (Expiry E864mn). Focus turns to

German CPI data at 1200GMT.