The pair closed in NY Friday at $1.5107 after rate had extended its corrective pullback off late Thursday highs of $1.5222 to $1.5076 before it settled around $1.5100 into the close. Rate saw early demand interest into a Japan holiday thinned Asian market with rate taken up to highs of $1.5129 before it dropped back to $1.5098), recovering through the Asian afternoon to $1.5127 and currently holding firm into Europe. Trade conditions overnight were reported to have been fairly subdued, the much anticipated China growth data having basically been foretold by a correction by the Xinhua news agency Friday, clarifying FinMin comments made Friday, and suggesting the data would come in at expected levels (7.5%). Bids remain in place around $1.5100, a break and clear to open a deeper move toward $1.5080 ahead of $1.5065/60. Resistance $1.5130/35 ($1.5132 38.2% $1.5222-1.5076) ahead of $1.5150 and $1.5188 (76.4%). Euro-sterling was contained in Asia between stg0.86415-0.8647. A light data calendar in the UK with focus on US retail sales data at 1230GMT
