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Market Moving News: EUR/USD - May 16

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16 May 2008 @ 12:42 am EST
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Eur/usd - 1.5490...Euro has moved higher on cross buying esp vs yen n sterling (a sovereign name was rumoured to be among the buyers) n offers at 1.5500/10 are in focus with more selling interest likely to emerge at 1.5530/40. On the downside, fresh bids are found at 1.5430/40 n 1.5400 (stops are placed below latter lvl). There is also talk of a DNT option at 1.5350-1.5550...

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