Slow session in Asia, trade.............>

EURO-DOLLAR: Slow session in Asia, trade restricted to a tight consolidation

range of $1.1175-85, following Thursday's sharp snap back from fresh 2019 low of

$1.1107. Underwhelming US PMI data triggered short covering, with move up in

EUR/USD fuelled by the drop in 10y UST yields. Rate rallied back through its

earlier high of $1.1157, through Wednesday's high of $1.1180 before meeting

resistance at Tuesday's high of $1.1188. Rate then settled around $1.1180 into

the close. Decent sized option expiries for today's NY cut could act to keep

rate tied to the current levels, E2.71bln roll off between $1.1150-70, while

over E3.0bln roll off between $1.1180/1.1200.

- A light EZ data calendar Friday, focus on ECB Nowotny(hawk) as he gives

briefing with IMF delegates at 0830GMT.

- US Durable Goods  at 1230GMT provide afternoon interest.