*** NY reaction to the German...........>

EURO-DOLLAR: *** NY reaction to the German coalition talks collapse pared most

of Monday's recovery gains, which had seen rate edge off its initial Asian react

low of $1.1722 to $1.1809 before rate eased back to $1.1728, closing Monday's

session around $1.1733. Rate managed to extend recovery in early Asia to

$1.1744, dipped to $1.1730 where it met decent support before it rallied back to

$1.1749 into Europe. Failure to break above $1.1750 sees rate back at $1.1738.

* Technical support $1.1722(Nov17 low). Resistance $1.1750, $1.1809-12, $1.1822.

* Light data calendar Tuesday in Europe and US. Focus on German political

developments.

- Guardian article suggests 'Spain ready to discuss' greater fiscal autonomy for

Catalonia. 

* Options: Expiries for today's NY cut, $1.1700(E613mn), $1.1750(E396mn)

- Larger option expiries with a $1.1700 strike noted into month end.