The euro started off in Europe higher on......>

FOREX: The euro started off in Europe higher on fresh demand seen via Eur/Gbp,

as rate edged up to $1.1874 after moving above the  Asian high of $1.1871. The

pair dropped to a fresh low of $1.1823($1.1825), from around $1.1833 as EZ flash

CPI came in on the weaker side, core read failing to edge back to 1.0%, actual

0.9%yy. However, persistent dollar supply (possibly linked to month-end) and

comments from Senator Collins that she was 'not committed' to vote yes on the

tax bill pushed the pair to intra-day highs of $1.1932 before fading. Demand via

the crosses with added support from firmer UST yields continued to provide the

appetite for Usd/Jpy in early Europe. Having reclaimed the Y112.00 handle,

Usd/Jpy touched recovery highs of Y112.48. However, as NY opened the US dollar

took another leg lower with supply possibly linked to month-end flow. Usd/Jpy

saw a sharp reversal paring back earlier losses as the fix came to an end rising

to Y112.41 at the time of writing. Broad-based dollar demand started to

pressure, Aud extended its corrective pullback to $0.7558 before support ahead

of the Asia low ($0.7557) cushioned. The pair printed fresh intra-day highs of

$0.7595 on broad based dollar selling before it faded to 0.7571.