Market Moving News: EUR/USD - Apr 13

By IBTimes Staff Reporter | April 13 2010 12:05 AM

Eur/usd - 1.3447 ... Euro staged a brief but strg retreat fm 1.3473 to around 1.3417 after Fitch downgraded Greece rating by two notches to BBB- n outlook to -ve, suggesting an intra-day top has been made there n 'choppy' sideways trading wud be seen in thin U.S. session, however, renewed buying interest is likely to emerge at 1.3400 n 1.3370/80. On the upside, offers are tipped at 1.3470/75 with stops seen abv 1.3480 but more selling interest is noted at 1.3500.

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