Moves through the Asian base of.........>

EURO-DOLLAR: Moves through the Asian base of $1.1077 to $1.1076, as rate extends

its pullback from early Europe high of $1.1086 in reaction to the release of

soft Germany Saxony CPI data, -0.2%mm, below the market median for pan-Germany

of -0.1%mm. Spanish flash HICP came in softer than forecast. Overall reaction

fairly muted but market will watch the other German states' CPI releases.

Support seen at Wednesday's low of $1.1073 ahead of the Aug23 low of $1.1052.

- Traders have noted that Friday's NY options cut holds E1.36bln of EUR puts at

$1.1050, larger at $1.0997-1.1000 of E1.71bln which could provide some

underlying buoyancy, adding that $1.1100-15 holds expiring interest of E1.73bln

EUR calls which should provide a resistance counter.