Recovery off Friday's low of $1.1238....>

EURO-DOLLAR: Recovery off Friday's low of $1.1238 extended through Monday trade

to a high of $1.1284 ahead of the NY open, though held off a retest of the Jul

11 high of $1.1286 (recovery high off Jul9 low of $1.1193). Rate eased back to

$1.1253 in NY post fix before it settled between $1.1255-60 into the close. Move

lower was seen influenced by cable's deeper corrective pullback, while EUR/GBP

again met resistance above Gbp0.9000. Consolidation in Asia saw rate confined to

a tight $1.1255-63 range.

- Germany ZEW, Italy inflation, EU Trade at 0900GMT provide morning interest

ahead of US Retail Sales at 1230GMT and US IP at 1315GMT. Fed Powell speaks in

Paris at 1700GMT "Aspects of Monetary Policy in the Post-Crisis Era". Bostic,

Bowman, Kaplan,  and Evans also make appearances. 

- Attention begins to turn toward the ECB with black out period beginning Jul18.