Eur/usd - 1.4353 .. The single currency edged lower fm Asian high of 1.4448 n remained under pressure in Europe on the weakness in European equities (DAX dropped by almost 1% whilst FTSE weakened by 0.4%). Eurozone retail sales in November came in weaker-than-expected at -1.2% m/m n -4.0% y/y versus the expectation of 0.1% m/m increase n 1.9% decrease. Offers by European names are tipped at 1.4380/85 n 1.4395/00 with stops seen abv 1.4400 n 1.4420. On the downside, bids by sovereign names is located at 1.4320/30, 1.4300/05 with stops only emerging below 1.4280 n 1.4250.
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