EUR/USD sits at 1.2730, all but unchanged from Thursdays North American close. The range overnight in Asia has been a rather pedestrian 1.2693-1.2733.
Euro zone data scheduled for release today:
German CPI for August (provisional) expected flat m/m, +1.1% y/y
06:00 GMT: German import price index for July expected -0.4% m/m, +9,7% y/y
06:45 GMT: French survey of industrial investments
Hard to see that lot impacting market very much, if at all.
Buy orders noted 1.2665/80. Stops below 1.2650. Stops on topside through 1.2775. The layered sell orders from 1.2750 through 1.2800 we mentioned yesterday rather easily capped the upside, 1.2764 being the high posted. Roll on the weekend. But first let’s see what Mr Kan has to say.
