Up at 1.4860 from a North American close Wednesday down around 1.4785, Fed’s Bernanke having given the dollar bears the greenlight to carry on selling.
Euro zone data due today:
06:00 GMT: German import price index for March expected +1.1% m/m, +11.3% y/y
06:45 GMT: French consumer spending for March expected +0.2% m/m, +3.7% y/y
07:45 GMT: German unemployment change for April expected -37k. Unemployment rate down to 7.0% from previous 7.1%
08:00 GMT: Italian business confidence for April expected 103.5 down from 103.8
European stocks look set to open higher; FTSE up around +0.6%, DAX up +0.9%, CAC 4O up around +0.8%.
Unsurprisingly, talk of 1.4900 barrier option interest.
