Presently at 1.3090 from North American close Wednesday up around 1.3130.
Euro zone Data/Events due
09:30 GMT: Spanish auction results
10:10 GMT: Italian auction results
12:45 GMT: ECB rate decision
13:30 GMT: Trichet press conference
Sean mentioned some stops below 1.3090 and I’m hearing more below 1.3070. Talk of China sell interest lying in wait up around 1.3150.
Asia regional central banks like Korea, Malaysia, Taiwan intervened overnight, buying dollar versus their home currencies, so we can expect them to turn up on the bid at some juncture ala reserve diversification.
