Intra-day Market Moving News and Views
07 Jul 2015 07:24GMT
EUR/USD - ...... Euro ratcheted lower after meeting renewed selling at 1.1052 in Asia and then briefly fell to 1.1018 in European morning as investors remained wary ahead of a euro zone summit later in the day aimed at restarting negotiations between Greece and its lenders.
Earlier in Europe, Destatis showed that German industrial production remained unchanged at a seasonally adjusted annual rate of 0.0%, from 0.6% in the preceding month whose figure was revised down from 0.9%.
In a separate report, the customs office said France's trade deficit widened in May from April, as the country's auto-related imports rise and exports slip. France recorded a 4.02 bln euros trade deficit in May, compared with a deficit of 3.3 bln euros in April, while exports fell by 0.6% and imports increased by 1.2% over the period.
At present, bids are noted at 1.1010-00 with stops below 1.1000 whilst some offers are tipped at 1.1040-50 and then 1.1080-90 with some stops located just above 1.1100.
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