Pullback from the ECB Draghi react......>

EURO-DOLLAR: Pullback from the ECB Draghi react high Monday of $1.1815 saw rate

mark a low in late NY of $1.1744 before it nudged back toward $1.1750 into the

close. Asia extended this minor correction to $1.1759 before USD demand into the

Tokyo fix(Tokyo return from a long weekend and Sep25 a Goto-bi day) reversed

move, taking it down to $1.1731. Rate recovered to $1.1746 into Europe with

early trade remaining slow. EZ yields were given a boost Monday by Draghi's

comments on inflation outlook but with UST yields edging back toward 3.10%

(10yr) seen providing a better counter. ECB Chief Economist Praet speaks three

times during the day(0810GMT, 1045GMT and 1230GMT) and provides domestic

interest in an otherwise data light calendar. Support $1.1731/24(Asia/Sep24

lows), resistance $1.1760 ahead of $1.1780 with area above $1.1800 still

expected to provide for headwinds.