EUR/USD - 1.4533.. Although comments fm EU Commissioner Almunia n ECB's President Trichet y'day continued to pressure the single currency this morning n the pair fell to as low as 1.4502 in Asia. Indicated defensive bids around 1.4500 contained euro's downside n price rebound to 1.4549 on short covering ahead of today's important U.S. jobs report (non-farm payroll n unemployment rate). At the moment, selling interest fm various accounts is building up in the region of 1.4550-1.4580 with mixture of offers n stops located at 1.4600, 1.4620/30 n further out abv 1.4668/75 res area, while stops (sizable) is seen below 1.4490/00 with bids fm incl. st specs n sovereign accounts located at 1.4460/70 n 1.4420/30. Eurozone PPI for August due at 09:00GMT are forecast to be 0.4% m/m n -7.5% y/y compared to -0.8% n -8.5% respectively in previous month.
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