FXstreet (Barcelona) - The Euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2565 level and was capped around the $1.2690 level.

Traders are talking about the Obama administration's possible purchase of up to 40% of Citigroup's shares. GCI Financial Team said: Speculation remains rampant the government may decide to nationalize some U.S. financial institutions with Citigroup and Bank of America cited as the two top candidates.

Euro bids are cited around the US$ 1.2475 level.