EUR/USD - 1.2324.. Euro was under selling pressure initially in Asia as short- term specs (European names) were spotted by active sellers n stops below 1.2320 were triggered, sending price briefly to 1.2297 but profit-taking bids at 1.2300-80 area contained euro's weakness. Expect range-trading until European opening with offers reported fm 1.2340-50 n stops are touted abv y'day's high at 1.2388.

Choppy sideways trading shud continue as the G20 meeting in Toronto starts later today n according to the transcript of comments by Deputy White House Press Secretary Bill Burton on Monday during the daily press briefing who said 'currency certainly be a part of the discussion.'