*Oct3 Euro-dollar open $1.1733,........>

EURO SUMMARY: *Oct3 Euro-dollar open $1.1733, range $1.1702 to $1.1740

*Euro opened in Asia at the low side of the $1.1730 to $1.1820 range witnessed

yesterday, where Spanish political uncertainty was seen to weigh on the single

currency.

*Asia investors encouraged by upbeat US economic data and firmer UST yields

sparked broad based US dollar demand. Euro eased lower from $1.1740 to $1.1702

*Option expiries for today include; $1.1700(E444mn), $1.1750-55(E761mn),

$1.1770-75(E2.32bn) and $1.1800(E897mn)

*Recoveries have been shallow and limited to $1.1715

*Demand has been reported between $1.1680-$1.1700, which fits in nicely with the

technical landscape, support is located at $1.1679 (23.6% $1.0341-$1.2092),

while Asia's top of $1.1740 provides initial resistance

*Euro-zone PPI for August provides the modest event risk for the session ahead