Eur/usd - 1.2913 ... The single currency rallied to 1.2946 y'day on active cross buying in euro versus the Japanese yen n Swiss franc on the shocking announcement by the SNB to buy foreign currencies. Euro retreated to 1.2885 in Australian morning on profit-taking fm U.S. names. Bids by sovereign n Asian names are now noted at 1.2890/00 n 1.2850/60 while offers are reported at 1.2940 n 1.2960 with sizeable stops building up abv 1.3000. Investors are focusing on the release of eurozone retail sales data at 10:00GMT.
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