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Market Moving News: EUR/USD - Nov 3

03 Nov, 2009 @ 12:05 am ET | written by AceTrader


Eur/usd - 1.4735 ... Euro tumbled fm 1.4859 to as low as 1.4727 on active cross selling (eur/jpy fell sharply fm 135.89 to 133.27) due to the selloff in U.S. stock markets (Dow Jones index dropped by 119 point to 9843) together with profit-taking ahead of the weekend. Offers are reported at 1.4750, 1.4780 n further out at 1.4800. On the downside, some bids are located at 1.4720/25 with stops seen below 1.4700 n 1.4680.

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