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Market Moving News: EUR/USD - Nov 23

23 Nov, 2009 @ 01:05 am ET | written by AceTrader


EUR/USD - 1.4886.. The single currency ratcheted higher after Fed governor's Plosser comment, he said in an interview with CNBC ' not quite time for Fed to raise interest rates ', however, reports of heavy selling fm good names capped intra-day gain at 1.4935 n euro has fallen fairly sharly in the morning. Although talk of DNT option at 1.4800-1.5000 has been circulating in last 2 days in the market, recent unwinding of risky assets shud continue to weigh on euro, suggesting interest to test the downside is much stronger than on the upside. Initial bids at 1.4890 have been absorbed, more at 1.4840/50 with big stops rumoured below 1.4800 !

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