Market Moving News: EUR/USD - Aug 3

By @ibtimes on

EUR/USD - 1.4130... The single currency traded with a biddish tone across Asian session on the back of dlr's broad-based weakness n due partly to cross-buying in euro (gains in Nikkei-225 and HSI spurred demand for riskier assets). Cross-related buying interest is building up around 1.4100 n more fm sovereign accounts fm 1.4070 down to 1.4030 with stops only emerging below this week's 1.4007 low. On the upside, offers (some are for profit-taking purposes) are noted at 1.4150/60 n around 1.4180/90 but option defensive selling interest is lined up ahead of the 1.4200 lvl.

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