Market Moving News: EUR/USD - May 13

By IBTimes Staff Reporter | May 13 2010 12:48 AM

Eur/usd - 1.2665 ... The single currency stabilised rebounded briefly fm y'day's NY sup of 1.2611 to 1.2670 on short-covering due to the rally in global stock markets together with Spanish austerity measures announced y'day. Trading is relatively thin with part of Europe away for Ascension Day. Bids are located at 1.2620 with stops seen below 1.2600. on the upside, some offers are tipped at 1.2700 n 1.2730/40.

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