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Rate re-approaches the day's highs......>

EURO-DOLLAR
EURO-DOLLAR: Rate re-approaches the day's highs printed at $1.1384, with US
equity futures still indicating a higher open on Wall Street today. A break
through here would open up touted resistance seen heading into the Friday high
of $1.1421 and the $1.1440-50 levels. Any close through here would open the 1.0%
10-dma envelope at $1.1479. ECB's Draghi is due to speak later today, speaking
in front of the European Parliament's committee for economic and monetary
affairs at 1400GMT. Closest options to market at present lie at $1.1325
(E502mln) and $1.1500 (E1.29bln) for today's NY cut.

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