Rate extended recent risk driven........>

EURO-DOLLAR: Rate extended recent risk driven slippage to $1.1201 during Tuesday

trade. Asia business retained a heavy tone with dealing restricted to a

relatively tight range of $1.1201/11. Rate currently trades around $1.1209.

Resistance seen into $1.1220, a break to expose $1.1240/50 with stronger

interest remaining in place toward $1.1265. Support seen into $1.1200, a break

and clear to open a deeper move toward the May09 low of $1.1174. Risk remains

the key driver across markets, however, today's release of Germany(first

estimate for Q1) and EZ GDP(second reading) at 0600GMT and 0900GMT respectively

provides the main domestic data interest, especially after  European Commission

recently slashed its growth forecasts. US Retail Sales and Empire Manufacturing

due for release in early NY.