Touched a low of $1.1213 in late NY.....>

EURO-DOLLAR: Touched a low of $1.1213 in late NY trade Friday but managed to

recover to $1.1262 as rate tracked the late partial recovery in US equities.

Rate was marked down into the Asian open, beginning the week around $1.1254 as

market reacted to weekend reports of fresh COVID-19 outbreaks in Beijing,

prompting lockdowns of certain areas. Rate was pressed to $1.1227 before edging

back to $1.1268 ahead of the European open. Fresh selling emerged in Europe

which has pressed rate down to $1.1232, holding heavy at writing. Minor support

noted at the earlier $1.1227 low ahead of Friday's base at $1.1213($1.1212 38.2%

$1.1.0871-1.1422) and the June4 low of $1.1195. Expect some support into $1.1180

ahead of $1.1150($1.1147 50%). Resistance $1.1268, $1.1277, $1.1300.

- EZ Trade data at 1000BST provides morning focus ahead of US Empire State Mfg

at 1330BST. 

- Fed speakers include Kaplan(voter; neutral) and Daly(non-voter; neutral) 

- Focus this week on the TLTRO allotment Tuesday and European Council Friday -

via video link.