Market Moving News: EUR/USD - Nov 24

24 November 2009 @ 12:05 am EDT

Eur/usd - 1.4852 ... European Central Bank governing council member Vitor Constancio said that indicators currently point to inflation being well under control on a horizon of 18 to 24 months. Despite euro's early selloff to 1.4800, short-covering ahead of the weekend together with buying interest fm sovereign names at 1.4800 lifted price to 1.4863. On the upside, offers by various accounts are tipped at 1.4865/70 n 1.4880/85 with stops seen abv 1.4900.

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