The pair closed in NY Thursday at $1.6096 after recovering off a session low of $1.6010 to $1.6103, with rate easing off to $1.6073 before recovering into the close. Rate easedlower into early Asian trade, with move down to overnight lows of $1.6078 seen as markets reacted to RBA comments only to recover to $1.6103 on the release of stronger than forecast China trade data. Rate held around $1.6100 for a while before drifting lower, settling between $1.6085/95 ahead of the European open. Euro-sterling, which had seen lows of stg0.8300 on reaction to the ECB cut Thursday, recovered through the balance of the session before finding decent resistance at stg0.8350, closing the day at stg0.8337. Rate extended the corrective opullback to stg0.8328 in Asia, getting a lote shove lower to session lows of stg0.8324 as market reacted to the S&P cut in France ratings. Strong demand remains in place at stg0.8300, offers stg0.8350, with rate likely to pivot around stg0.8333 while it holds within, the level corresponding to E1.2000/stg. Cable demand $1.6010/00, $1.5950. Resistance $1.6115/20, $1.6140/50. US NFP now in focus at 1330GMT.
