USD lost its shine in NY Thursday as....>

EURO-DOLLAR: USD lost its shine in NY Thursday as the US unit pared earlier

gains which allowed EUR/USD to edge up from a low of $1.1294 to $1.1309 before

it settled around $1.1305 into the close. Early trade in Asia was confined to a

tight $1.1302/10 range before early Tokyo showed demand interest which lifted

rate on to $1.1327. Part of the move was driven by TASS reports suggesting

N.Korea is mulling suspending denuclearisation talks with the US. Risk aversion

saw a move into JPY, which had been under pressure earlier in the day, with the

slippage in EUR/JPY able to press EUR/USD back to $1.1315. Fresh demand into

Europe noted but momentum remains fairly muted.

- Support $1.1295/90, $1.1277, $1.1250. Resistance $1.1327, stronger into

$1.1335/40. 

- Option expiries of note today, $1.1200(E3.21bn), $1.1300-05(E2.4bn),

$1.1310-25(E2.85bn).

- ECB Rehn speaks on monpol at 0900GMT. EZ Final CPI at 1000GMT. US Empire State

1230GMT, US Feb IP 1315GMT, US UofM 1400GMT.