Europe open $1.1880, range.............>

EURO SUMMARY: Europe open $1.1880, range $1.1871-1.1889, NY open $1.1871, range

$1.1728-1.1877

*The release of better than expected NFP (180,00exp-209,000act) and

average hourly earnings coming in as expected (.3), saw the rate drop to a new

intra-day low of $1.1825.

*A fresh wave of broad based dollar demand, in reaction to comments

from Cohn who said "we want companies to bring money back to the US", combined

with impressive US data witnessed the rate print a new intra-day low of $1.1792.

*Downside momentum continued with slippage extended to $1.1750 triggering

reported stops on the move.

*A further wave of dollar demand in extremely thin markets, witnessed

the rate trigger further stops through the break of $1.1750, with the rate

printing a new intra-day low of $1.1728. ECNS were reported buying at the lows

pushing the rate towards $1.1760.

*The dollar continued to give back its gains into the close with the rate

heading towards $1.1780.