Market Moving News: EUR/USD - Apr 3

 @ibtimes
on April 03 2009 12:33 AM

Eur/usd - 1.3409 ... The single currency was basically following movements in eur/jpy this morning n retreated fm 1.3495 on risk aversion after GM's news n stops below 1.3400 are in focus, however, buying interest is likely to emerge around 1.3370-80 n further out at 1.3340-50. On the upside, offers fm U.S. names are reported at 1.3450 n option defensive selling interest (related to 1.3500 barrier) is tipped at 1.3480-90 with stops starting to build abv y'day's 1.3518 high...

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