Eur/usd = 1.2613 ... The single currency rallied fm 1.2455 to 1.2673 on talk of European players' repatriation as European investors' sold oversea assets to send bak euro to country. Bids are located at 1.2550/60 n 1.2450/60 with stops building up below 1.2450. On the upside, some offers are tipped at 1.2660/70 n 1.2700. Investors are focusing on the release of German n eurozone manufacturing PMI n German Ifo data at 07:58GMT n 08:00GMT.
Join the Discussion