Market Moving News: EUR/USD - Aug 17

  @ibtimes on August 17 2009 1:05 AM

EUR/USD - 1.4255 .. The single currency retreated fm 1.4304 this morning as cross-related selling interest in euro limited its upside somewhat n price moved lower amid thin market conditions. At the moment, offers fm various accounts are building up in the region of 1.4270-1.4300 with mixture of offers n stops located abv latter lvl n just abv y'day's 1.4328 high, while some profit-taking bids are noted at 1.4235/45 n demand fm sovereign accounts is reported further out at 1.4200. Eurozone HICP is due out at 09:00GMT is forecast to drop 0.6% in July compared a gain of 0.2% in the previous month.

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