Intra-day Market Moving News and Views
25 Aug 2015 07:18GMT
EUR/USD - ......Despite edging lower to 1.1525 in Asian morning on profit-taking, the single currency rebounded to 1.1578 at European open as European futures pointed to a rebound in stocks after yesterday's rout.
Euro showed muted reaction to the release of in-line German GDP figures and investor focus is now on the release of German Ifo data at 08:00GMT.
Bids are now seen at 1.1520/30 and more below at 1.1490/00 with stops building up below there whilst initial offers are noted at 1.1610/20, suggesting mild upside bias remains.
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