Once support, provided by the $1.1050...>

EURO-DOLLAR: Once support, provided by the $1.1050 and $1.1000 EUR put option

expiries Friday, were removed by the run off at the NY cut, the full force of

month-end selling managed to take rate through the Aug12 YTD low of $1.1027 then

through $1.1000 with the triggering of reported stops extending move to a fresh

YTD low of $1.0963. Recovery efforts held below $1.1000. Move lower in the EUR

prompted comment from US Trump, mostly aimed at Fed Chair Powell. Weekend focus

switched to the state elections in Brandenburg and Saxony. Results suggest

right-wing AfD party was 'held at bay', Merkel's CDU holding first place in

Saxony, whilst her coalition partner SPD came first in Brandenburg. Result

provided a lift for EUR/USD but rate failed to edge back above $1.1000, the rate

held within a range of $1.0985-99. Suggestions that resistance toward the figure

linked again to optionality. Support $1.0963 ahead of $1.0950/45.

- Labor Day holidays in US and Canada Monday should make for a subdued trading

day, especially into the afternoon.

- Final Mfg EZ PMI's released this morning, not expected to be a major market

mover.