Rate extended its recovery off..........>

EURO-DOLLAR: Rate extended its recovery off Friday's post fix low of $1.1081 to

$1.1154 during the European morning, with positive risk outlook again in the

driving seat via equity markets. Move saw rate surpass Friday's pre fix high of

$1.1145 but momentum quickly faded before it corrected back to $1.1100 into NY.

Initial resistance at $1.1121 was eventually overcome before rate edged back up

to $1.1140, dropping back to $1.1113 on market reaction to an MNI source story

on the ECB's upcoming Thursday meeting and its PEPP bond-buying policy. However,

risk continued to keep general pressure on the USD, allowing it to nudge back to

the $1.1130 area. Whit Monday and several European centres were closed for the

holiday, returning Tuesday. A light data calendar for the EZ Tuesday with focus

again on risk.