Squeezes down to retest Wednesday's.....>

EURO-DOLLAR: Squeezes down to retest Wednesday's low of $1.1081 in opening

Europe trade, the rate having pulled back from its earlier recovery high of

$1.1092, seen in early Asia. Market seen positioning ahead of today's release of

Flash France(0715GMT), Germany(0730GMT) and EZ(0800GMT) PMI data with release of

ECB Minutes due at 1130GMT. A break of $1.1081 to expose stronger support placed

from $1.1066(Aug16-20 lows) and suggested linked to protection of $1.1040-60

E2.55bln EUR put option strike roll offs for today's NY cut. Resistance remains

at $1.1100-10. 

- US Weekly Jobless Claims, Markit PMI's and US Leading Indicators provide

interest into the afternoon, with EU Consumer Confidence released at 1400GMT. 

- Jackson Hole Symposium begins today, ECB Coeure, Lane and Lauenschlager could

make an appearance.