Recovered off a low of $1.1300 in.......>

EURO-DOLLAR: Recovered off a low of $1.1300 in early NY, the rate punching up to

a high of $1.1344 on reaction to weaker than forecast US Empire State data,

industrial & manufacturing production and University of Michigan inflation

expectations which hindered sentiment. However, the single currency struggled to

hold on to gains and eased off to $1.1315 through the 1600GMT fix before it

edged back to trade around $1.1320. Into next week and main attention switches

to FOMC Wednesday, though most expect rates to remain on hold.

- Support $1.1300/90, $1.1277, $1.1250. Resistance $1.1340/50, $1.1365/75 ahead

of $1.1390/1.1400. 

- Stand out option expiry for Monday seen at $1.1250 for E1.42bn