The early morning dip from $1.1945 to...>

EURO-DOLLAR: The early morning dip from $1.1945 to $1.1921 has proved

short-lived, the euro since rebounding to $1.1950. Traders attributed the move

lower to comments made by ECB Chief Economist Peter Praet to a newspaper over

the weekend, Praet said, It is not yet time for ECB to reduce its accommodating

measures and a decision on next year's policy will be taken this fall. With

Japanese markets closed for a public holiday, markets in Asia are expected to

remain range-bound. Ahead in the European session , Eurozone CPI for August

(0900GMT) provides the initial event risk. Support is located at $1.1913 (50%

fib $1.1838-$1.1987), while Friday high of $1.1987 provides resistance. Euro was

last at $1.1940