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EUR/USD opens firmer

By   || February 9, 2010 at 05:57 GMT
|| 1 comment || Add comment

EUR/USD is trading firmer this morning, up at 1.3710 from a North American close Monday around 1.3660.

News Trichet leaving central bankers meeting in Sydney day early to attend EU leaders meeting has the market in a bit of a tizzy, heightening speculation that a Greek rescue plan could be in the offing. Weekend media reports had EU President Herman van Rompuy “quietly hatching a plan” so this speculation is no surprise.

Euro zone data due today:

07:00 GMT: German trade balance for December expected 15.0 bln; current account 19.1 bln

07:00 GMT: German CPI for January (final) expected -0.6% m/m, +0.8% y/y

European stocks expected to open lower this morning.

Stops seen through 1.3720 and 1.3760.

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One Response to “EUR/USD opens firmer”

  1. Gabriel on February 9th, 2010 06:24 GMT

    There’s some selling on EurUsd around 1.720

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