Market Moving News: EUR/USD - Nov 8

08 November 2009 @ 02:35 am EDT

Eur/usd - 1.4830 ... Asian names have been seen among the sellers of euro today with some traders preferring to square their positions ahead of the ECB rate announcement today at 12:45GMT (rates are widely expected to remain at 1.00% n the focus will be on ECB President Trichet's press conference at 13:30GMT). Offers are reported fm 1.4880 up to 1.4900 n bids are lined up at 1.4800/10 with stops likely to emerge below there...

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