The pair closed in NY Friday at $1.3010, recovering off a low of $1.2991 after it had been sold down from a high of $1.3106 as the dollar saw strong demand at the end month fix. Rate extended its recovery to $1.3028 before settling between $1.3010/25 for most of the early session before getting a late session lift to $1.3033 as small stops above $1.3030 were targeted and triggered. A new month, quarter and half year with the dollar beginning on a buoyant note with short end yields seen driving. Eurozone manufacturing PMI data due this morning from 0713GMT (Spain) through to 0758GMT (EZ) with EZ unemployment and inflation data following at 0900GMT. US final PMI and ISM data due into the afternoon at 1258GMT and 1400GMT. Resistance seen into $1.3035 (38.2% $1.3106-1.2991), more toward $1.3050 with more stops noted on a break of $1.3055. A break here to expose reported stronger sell interest placed at $1.3075/80. Support seen into $1.3010/00, a break to expose Friday’s low at $1.2991, with stops noted below $1.2990. Strong corporate demand interest again reported in the $1.2960/50 area.
