The dollar improved throughout..........>

EURO-DOLLAR: The dollar improved throughout Friday's session pressuring the EUR

to pullback lows of $1.1204, before meeting support ahead of the $1.1200 level.

The Der Spiegel report also weighed which suggested the ECB could start their

bond purchase program by November.

- Japanese names were the reported early buyers through Asia, but the move was

countered ahead of $1.1220 to hold in very narrow range trade. 

- The cloud base & 100-hma provide initial resistance at $1.1228/29, a break

opens the 100-dma & cloud top at $1.1248/52, ahead of reported offers at

$1.1260. A downside break of $1.1200 would expose reported demand at $1.1190.

- Quiet on the calendar today with the only data scheduled for Canada. Main

focus of course this week turns to Thursday's ECB meeting where it's widely

expected that the ECB will announce some form of easing package. Watch out for

the MNI preview, hitting the wires tomorrow.