EUR/USD - 1.2385.. Euro trades with a firm undertone in Asian morning following y'day's resumption of upmove to 1.2413 on active short-covering triggered by a well rec'd bond auction on Spanish govt. debts. Breaking news on Reuters quoting China' Vice FINMIN who said 'euro is one of many uncertainties facing world economy.' Asian traders have not reacted to early bearish comments made by Russian President Medvedev who in a WSJ's interview, expressed doubts about the future of Europe's common currency, he also said the Gulf of Mexico oil spill could threaten the survival of BP PLC. Bids are seen fm 1.2340-70 area with a mixture of stops n offers abv 1.2410. The recent buying interest on dips has slowly but surely unsettled the massive no. of euro shorts which are still in the market, so buying euro on dips is still favoured.