In the absence of any economic data or........>

FOREX: In the absence of any economic data or other catalysts, FX markets

witnessed a very quiet session overnight, volumes remained light tied to narrow

range trade. The dollar opened firm in Europe with early moves led by UST

yields/Nikkei 225. Dollar-yen moved through the Asia high with ease, before

topping out at Y113.72. Euro-dollar initially pressured on the move, touched

pullback lows of $1.1743 before dip buyers cushioned falls. French Services/mfg

PMI came in strong, mixed readings from France/EZ followed, euro-dollar later

recovered to hold $1.1760/65. Cable under pressure with euro-dollar slipped to

$1.3181, but later recovered on eur-stg sales to $1.3195. Aussie-dollar took out

the reported corporate bids through $0.7800, persistent dollar demand with added

cross sales extended slippage to $0.7779 before fading. US data highlights today

from Philadelphia Fed Non-mfg at 1230GMT, Services PMI at 1345GMT, followed by

Richmond Fed Survey at 1400GMT.