Eur/usd - 1.2217 ... Despite y'day's weakness to 1.2151 on uncertainty over the global recovery after data showed a steep fall in U.S. consumer confidence, the single currency edged higher in Asia on active short-covering due to stabilised global equities as European shares are seen opening slightly lower by 0.3%, following a near 3% drop in U.S. stock markets. Traders will pay attention to ECB 3-month auction results due around 09:15GMT to see if many European banks needed this short-term facility or not. Investors are also awaiting the release of German unemployment rate n eurozone June HICP at 08:00GMT n 09:00GMT respectively. Bids by sovereign names are located at 1.2200, 1.2170 n further out at 1.2150/55. On the upside, some offers by European names are tipped at 1.2240 n 1.2270/75.