Month-end fun and games as EUR/USD......>

EURO-DOLLAR: Month-end fun and games as EUR/USD extended its recovery sharply up

to $1.1180, helped in part by month-end demand for EUR/GBP ahead of the 1600BST

fix, before it dropped back to $1.1137. Bank models had suggested USD demand was

to be seen at the fix, which proved to be correct, but anyone that may have

positioned for this move may have been squeezed out in pre fix activity. Post

fix rate recovered again, this time at a slower pace, as it edged back to

$1.1164. Resistance remains into $1.1180 ahead of $1.1200. Support $1.1125/15

ahead of $1.1107/00.