*Nov16 Euro-dollar open $1.1792,.......>

EURO SUMMARY: *Nov16 Euro-dollar open $1.1792, range $1.1769 to $1.1792

*Euro opened in Asia toward the low side of the $1.1785 to $1.1861 range

witnessed yesterday, where after a choppy session largely following UST yields,

the Euro ended broadly unchanged on the day

*The weak close in New York encouraged further selling in early Asia, the rate

dropped from $1.1792 to post a session low at $1.1769. Local traders pointed to

trailing stops left below yesterday's base ($1.1785) as the catalyst.

*Euro recovered to $1.1789 and then drifted off slowly to $1.1776 as UST yields

edged higher

*Nearby option expiries for today include; $1.1775-80(E589mn),

$1.1795-00(E914mn) and $1.1815-25(E4.8bn)

*UK Retail Sales and Eurozone CPI provide the event risks for the session ahead.