The dollar witnessed a mixed session.........>

DOLLAR: The dollar witnessed a mixed session overnight, early fixing demand was

soon countered with most major FX currency pairs held to narrow ranges ahead of

Monday's holiday in Japan. The soft US CPI read pressured yesterday with the DXY

closing just above the 100-dma (94.48). Light volumes overnight has seen the

index tied to a 10 pip range, last at 94.50. A downside break of the 94.40/45

area changes the short-term outlook targeting 94.00 for the next leg lower. The

pullback in gold based ahead of $1200 yesterday, gains extended to $1205.89

through Asia. Quieter on the calendar today with US Retail Sales, Industrial

Production & Michigan Sentiment Index the highlights. Retail sales are forecast

to rise 0.4% in August after a surprise 0.5% gain in July. Industrial Production

is expected to rise 0.4% in August after a small gain in July. The Michigan

Sentiment Index is expected to rise to 96.7 in early-September from 96.2 in

August. The only notable option-expiry for today's NY cut - EURUSD

$1.1650-55(E1.24bn).