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EUR/USD ticks higher in lacklustre start to European trade

By Gerry Davies  || July 3, 2009 at 06:17 GMT
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EUR/USD is very marginally firmer in lacklustre early European trade, presently at 1.4015.  Reports of Asian sovereign buy interest lying in wait down at 1.3900/20 are lending the pairing some marginal support. 

Sources also report buy stops up at 1.4025/30, which if triggered could obviously extend the fledgling rally. It’s a case of how much appetite there is in the market today given the absence of the US later. The early signs aren’t great.

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