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Eur/usd - 1.3700 ... The single currency edged higher on active cross buying in euro (eur/jpy rallied fm 123.68 to 124.23). Investors are focusing on the release of German WPI at 07:00GMT n eurozone industrial production data at 10:00GMT. Bids by various accounts are located at 1.3670/75, 1.3660/65 n further out at 1.3630/35 with stops building up below 1.3615/20. On the upside, profit-taking offers are tipped at 1.3705/10 n 1.3730/35 with stops seen abv 1.3740.
Moody's cuts ratings on Italy, Portugal and Spain, Warns UK, France and Austria: Is it Time for a Reality Check?
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