Recovery off its post 1600GMT fix low...>

EURO-DOLLAR: Recovery off its post 1600GMT fix low of $1.1337 saw rate touch

$1.1367 before it settled back around $1.1360 into the close. Rate had managed

to step its way higher through Monday's session, aided by risk appetite provided

by seemed easing in the Sino-US trade talks. Consolidation in Asia saw rate

restricted to a $1.1354-68 range, with traders noting leveraged demand providing

some buoyancy despite fundamentals (growth concerns, expected rate path)

providing a negative counter. In Asia rate initially eased to the low on back of

softer EUR/JPY(JPY demand seen at the Tokyo fix) recovered on general USD

weakness to the high. Rate has since eased to $1.1353 into Europe, the rate

holding heavy at writing. Support noted at $1.1337 ahead of $1.1325/20.

Resistance remains into $1.1370 ahead of $1.1390/00.

- EZ focus turns to French, German & Italian CPIs, as well as French GDP due

Thurs, and final PMI data from across the EZ due Fri. ECB's Lane, Mersch, Visco

& Coeure will speak later today, while Coeure & Weidmann will speak Weds.