Eur/usd - 1.3110 ... Despite euro's brief but strg rebound to 1.3228 y'day after the Fed kept interest rates unchanged but indicated the pace of economic recovery is likely to be 'more modest' in the near term than had been anticipated, the single currency fell sharply in Asia to 1.3090 due to renewed cross selling in euro (eur/jpy tumbled fm 112.61 to 111.70) on renewed risk aversions as global stock markets fell on worries of slowing U.S. economic growth. U.S. Dow Jones index futures dropped by 78 points to 10540. Offers by sovereign names are tipped at 1.3150/60, 1.3180 n further out at 1.3210/20 whilst bids are located at 1.3085/90 with stops building up below 1.3070 n 1.3050.
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