EUR/USD sits at 1.3970, marginally easier from a North American close Tuesday around 1.3995. Trading pretty subdued, confined to a conservative 1.3958-1.4000 range in Asia
Market will continue to scour the wires for headlines pertaining to developments at the Fukushima Dai-Ichi nuclear plant.
Euro zone data due today:
09:00 GMT: EU 25 car registrations for February
09:00 GMT: Italian CPI for February (final) expected +0.3% m/m, +2.4% y/y, EU harmonised +0.2% m/m, +2.1% y/y
10:00 GMT: Euro zone CPI for February expected +0.4% m/m, +2.4% y/y, core +1.1% y/y
Sean mentioned buy stops through 1.4020 overnight. Should be interesting then if we manage to get up there as I’ve also been getting reports of sell orders clustered 1.4025/50 ahead of well-touted 1.4050 barrier option interest.
