Recovery off Tuesday's low of...........>

EURO-DOLLAR: Recovery off Tuesday's low of $1.1258(fresh YTD low) extended to

$1.1340 before momentum faded. Rate eased to close the day around $1.1326. Risk

appetite was cited providing the main upside driver Tuesday, with that tone

continuing in Asia this morning aided by a headline stating China Xi-Jinping to

meet US delegation Friday. RBNZ not as dovish as had been forecast boosted NZD,

in turn lifted AUD and provided EUR/USD momentum to $1.1342, as market probed

for stops above Tuesday's high. Rate struggled to build before it settled

between $1.1335/40. A clear of $1.1340 to expose $1.1350/60. Support $1.1326

ahead of $1.1310/00.

- ECB Knot told the FT that he endorses a "wait-and-see" approach as the optimal

attitude, while Nowotny said that the Bank will consider further policy

decisions in summer.

- RTRS reported Tue that Spanish PM Sanchez, who expects to lose a crucial

budget vote today, is set to call a snap election.

- ECB Lane, Villeroy & Visco speak today. Coeure & Angeloni speak Friday. EZ

data focus on German & EZ GDP Thursday.