Month-end equity market action added....>

EURO-DOLLAR: Month-end equity market action added to the highlighted Usd demand

at the fixes as risk assets were sold off. Eur/Usd was pressed to a low of

$1.2188 in NY, recovery efforts were capped at $1.2222 before rate drifted back

toward the low into the close. Early Asia extended the move as rate eased on to

$1.2184 before it found some demand interest though recovery was held at $1.2200

ahead of Europe. Early Europe demand has seen rate lift on to $1.2213 and holds

firm at writing. Expect resistance between $1.2220/30. China Mfg PMI came in

slightly above forecast level which provided support for those risk assets in

Asia. Fed Powell appearance in front of the Senate in focus, along with Fed

Dudley later. EZ Mfg PMI's provide the morning interest followed by US weekly

jobless claims, personal income/spending and ISM Mfg. Large $1.2200 strike

expiry (E1.97bn) could act to keep rate anchored close by. Other expiries of

note seen at $1.2150(E1.17bn), $1.2300(E1.02bn).