Eur/usd - 1.2115 ... The single currency rose to 1.2149 on active short-covering after the breach of key 1.2110 level y'day as strg demand for Spanish bonds eased concern about the country's ability to finance its debt n a spike in Chinese exports boosted confidence on global growth. ECB's Trichet said three-month emergency loans to banks wud continue until Sept n his comment also gave support to the euro. Bids are now noted at 1.2080/85 n 1.2050/60 with stops seen below 1.2050. On the upside, a mixture of offers n stops is reported at 1.2150-70 region.
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