Eur/usd - 1.5510 ... The single currency tumbled to 1.5485 on dlr's broad-based strength as U.S. GDP data came in line with expectation and the selloff in crude oil prices (now down more than $4). However, euro rebounded briefly as ECB's Noyer said the world is facing biggest 'inflationary risks' for decades, adding speculation that ECB will increase interest rates later this week. Offers by various accounts are now reported at 1.5520, 1.5540 n further out at 1.5560/70. with stops only emerging abv 1.5600. On the downside, profit-taking bids are noted at 1.5485/90 n 1.5450/60 with stops seen below 1.5450.
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