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Market Moving News: EUR/USD - Feb 7

07 Feb, 2010 @ 06:05 am BST | written by AceTrader


Eur/usd - 1.3845 ... German industrial production dropped unexpectedly by 2.3% in December versus the economists' forecast of a rise of 0.2% with downwardly revised 2.7% increase in November. The single currency remained under pressure after the data n offers are tipped at 1.3880/90 n further out at 1.3915/20. On the downside, bids by European exporters are now noted at 1.3820-1.3800 with option-related stops building up below 1.3800 barrier.

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