Touched a high of $1.1179 Monday........>

EURO-DOLLAR: Touched a high of $1.1179 Monday before momentum faded and the USD

pared losses across the board. Rate eased through NY to $1.1139 into the 1600BST

fix before it settled around $1.11450 through to the close. Positive tones on

China-US trade were heard over the weekend from China, with nothing from the US

until US Trump commented late on that 'talks were coming along very well'. This

provided a lift for risk (though reaction was tempered by the Japan holiday).

Though rate was able to edge to $1.1157 trade overall was described as subdued,

holding within a relatively tight $1.1146-57.

- A fairly light calendar, ECB Q3 bank lending survey at 0800GMT provides the

morning interest. US Phila Fed non-mfg at 1230GMT, US Redbook Retail Sales

1255GMT and Existing Home Sales and Richmond Fed Mfg Index at 1400GMT. 

- Underlying buoyant tone remains but rate seen needing to clear $1.1180/1.1210

to prompt further upside progress (200-dma $1.1207). Support $1.1150/40. 

- Focus remains on ECB Draghi's last policy meeting Thursday.