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Market Moving News: EUR/USD - Jul 18

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18 July 2008 @ 12:31 am EST
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Eur/usd - 1.5856...Despite intra-day retreat to 1.5822, euro has rebounded on short-covering ahead of European opening n also as regional stock markets are now posting declines (Dow futures are also down over 80 points). Offers remain at 1.5790/00 while on the downside, bids are lined up at 1.5800 with stops noted further out at 1.5780 n 1.5750. SNB's Hildenbrand says it wud be naive to think that the credit crisis will be over soon, n that monetary policy is in an 'especially uncomfortable situation'...

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