Market Moving News: EUR/USD - Feb 9

on February 09 2010 12:05 AM

Eur/usd - 1.3683 .... Despite early volatile movements after the mixed U.S. jobs data. The single currency tumbled fm 1.3742 to a fresh 8-month low of 1.3638 due to the selloff in European equities (DAX dropped by 1.4% whilst FTSE fell by 1.7%) b4 rebounding on short-covering. Offers are tipped at 1.3700/10, 1.3730/40 with stops seen abv 1.3750. On the downside, bids by sovereign names is located at 1.3620/30 with stops building up below 1.3600 level.

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