Intra-day Market Moving News and Views
04 Aug 2015 08:14GMT
EUR/USD - ..... Euro rebounded after an initial fall to 1.0932 in Asia due to renewed cross-buying interest and price ratcheted higher to 1.0979 in European morning before easing.
At present, investors are awaiting the release of euro zone's producer prices for June at 09:00GMT. Street forecasts are 0.0% m/m and -2.2% y/y vs previous readings of 0.0% and -2.0% respectively.
For now, offers are noted in 1.0990-1.1000 with stops reported just above there, whilst bids are noted at 1.0950-1.0940 and more below with stops touted below 1.0920.
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