Eur/usd - 1.2248 ... Despite intra-day rally fm 1.2226 to a high of 1.2327 in Europe, the single currency pared most of the gains n retreated to 1.2233 in part due to the release of weaker-than-expected eurozone retail sales data together with active cross selling in euro. U.S. ADP employment data showed U.S. private sector added a net 55,000 jobs in May, slightly lower than consensus forecast of 60,000. U.S. initial jobless claims fell to 453,000, higher than economists' expectation of 450,000. Offers are now tipped at 1.2280/85, 1.2310/15 n 1.2325/30. On the downside, some bids are located at 1.2225/30 with mixture of bids n stops seen at 1.2200.