EUR/USD - 1.1940.. Breaking news fm Reuters, Germany's Merkel n France's Sarkozy in joint letter to Barroso (European Commission President) : EU Commission shud look at possibilty of EU-wise ban on naked short selling of all or certain shares n soveroegn bons n CDs of soverign bonds. Euro has shown muted reaction to this statement, price has traded sideways in Asia, intra-day range so far has been 1.1932-78.