Rate saw a recovery high of $1.1543.....>

EURO-DOLLAR: Rate saw a recovery high of $1.1543 Thursday, off an earlier low of

$1.1464, only to pare part of those gains in NY, trading back to $1.1493 through

the London fix. Rate recovered to $1.1520 ahead of the close. Fairly subdued

Asian session, which tends to be the norm ahead of the US Employment Report, the

rate gradually drifted lower through the latter part of the overnight session to

$1.1505 with opening Europe adding further weight to take it back to $1.1499.

Traders aware of the large option expiries for today's NY cut, $1.1500 for

$1.91bn and $1.1450 for $2.29bn, mainly EUR puts. However, ahead of that event

the US Employment Report grips attention, NFP market median 185k though noted

Thursday that whisper numbers suggest we could see a larger number than this.

AHE seen rising to 0.4% from 0.3% last. Support remains around the $1.1500

level, a clear break to expose Thursday's low of $1.1464 ahead of stronger

interest into $1.1450. Resistance $1.1540/50.