*** Touched an extended recovery high...>

EURO-DOLLAR: *** Touched an extended recovery high of $1.1944 Friday, after

resistance area of $1.1880/86 was broken, the move driven by a generally softer

Usd aided by strong Germany Ifo data and a resolution to current German

political problems looks to be nearing (doors being opened for a grand coalition

to form new German government). Rate retested that high in early Asia, failed to

extend move further then gradually drifted off to $1.1912 before it settled back

around $1.1925 into Europe. Asian traders noted demand from the $1.1920's

through to the low of $1.1912 helped to cushion, adding that they see demand

interest dotted down to $1.1880. Resistance $1.1944/52(Nov24 and Asia

high/1.618% swing projection of $1.1861-1.1713). 

* Very quiet on the European calendar today, Italian ISTAT Consumer and Business

Confidence is released at 0900GMT.

* The ECB will call for bids on the latest 7-day MRO at 1440GMT, before

publishing the latest PSPP bond buying data at 1445GMT.

* Options: Expiries today, $1.1860-65(E610mn), $1.1900(E484mn),

$1.1950-55(E341mn)