### - POV - Touched resistance at.......>

EURO-DOLLAR: ### - POV - Touched resistance at $1.1880 in early European trade,

as rate extended its recent recovery off its Oct6 low of $1.1670(initial

reaction low to release of strong US AHE). This current recovery seen Usd led as

the US unit loses ground across the board, FOMC Minutes Wednesday, making the

December rate hike likely but came with some dovish undertones, some concern

registered that recent low inflation may not only reflect transitory factors but

also the influence of developments that could prove more persistent. Therefore,

Friday's release of US CPI has gained importance for Fed rate path. Market seen

looking for a boost in the headline to 0.6%mm, from 0.4% in Aug, core unchanged

at 0.2%mm but yy to increase to 1.8%. For further topside gains hurdles seen

placed between $1.1880/90 ahead of stronger area between $1.0910/15(Aug2

high/Trend resistance off the Sep8 high of $1.2092). Moves toward $1.2000 cannot

be written off but market aware the seeming reluctance from ECB officials for

rate to reach at or above $1.2000, with often well timed Eur negative source

stories hitting wires and providing a counter. A strong CPI release could have

the potential to take rate back to $1.1700/1.1670.