Intra-day Market Moving News and Views
29 May 2015 06:20GMT
EUR/USD - ...... Despite euro's intra-day retreat from 1.0974 (AUS) to 1.0943 in Asia in part due to cross-selling in euro vs yen and sterling, price rebounded ahead of European open and then climbed to 1.0967 after release of Germany's retail sales reports.
On Fri, Destatis said that German retail sales rose to a seasonally adjusted 1.7%, from -1.4% in the preceding month whose figure was revised up from -2.3%.
As mentioned in previous update, bids from various accounts are noted at 1.0940-30, 1.0925/20 and then 1.0910-00 with mixture of bids and stops at 1.0890-80, whilst offers are reported at 1.0980-90 and around 1.1000 with selling interest from model funds tipped in 1.1020-40 region.
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