Opened in Asia at $1.1619 at the........>

EURO-DOLLAR: Opened in Asia at $1.1619 at the lower side of Wednesday's $1.1606

to $1.1557 range, where modest US dollar strength was the main theme. In the

absence of any significant economic data in Asia, traders expect sideways

consolidation heading into the European open and the release of German

unemployment and EU manufacturing PMI. In option space, several large expiries

today; $1.1580(E820mn), $1.1600(E1.31bn), $1.1605-10(E1.03bn), $1.1650(E1.52bn),

$1.1670(E777mn) and $1.1700-05(E1.29bn), may well act to contain the near-term

range, certainly for the Asia market. Support lies at $1.1604/06 (hourly low

Oct30, Nov1 low), while hourly resistance is found just above $1.1640.

Euro-dollar was last at $1.1617.