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.