Touched a high of $1.1701 Thursday as...>

EURO-DOLLAR: Touched a high of $1.1701 Thursday as rate gained a lift from

release of softer than forecast US CPI, along with a less dovish Draghi, and

some pressure relief on EM via the Turkish rate hike. Rate quickly reversed off

those dizzy heights, eased to $1.1669 before it settled around $1.1690 into the

close. Consolidation in a lack lustre Asian session though rate was able to

touch a high of $1.1699 as EUR/JPY dragged it higher. However, resistance at and

above $1.1700 thwarted upside efforts, and with EUR/JPY struggling to hold gains

above Y131.00, saw both rates ease though pullback was seen shallow. EUR/USD

resistance reported between $1.1700/05, stronger into $1.1750. A break here to

concern some of the longer term shorts. Support remains around $1.1670.  

- ECB Gov. Council member Ewald Nowotny speech at Financial Market Authority:

"10 years after Lehman", in Vienna at 0800GMT

- Bank of France Aug retail trade; Sep 14 Eurozone Q2 labour costs and Jul trade

balance at 0900GMT.