Market Moving News: EUR/USD - May 30

By IBTimes Staff Reporter | May 30 2010 11:35 AM

Eur/usd - 1.2350 ... Despite euro's early retreat fm 1.2343 to 1.2204 in NY morning, another wave of short-covering lifted price fm there n the single currency rallied to 1.2375 after triggering stops abv 1.2343/45. Cross buying in euro versus the Japanese yen also helped the price to rise as eur/jpy jumped fm 110.42 to 112.27.

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