EUR/USD sits at 1.2740, effectively where it closed out Wednesday in North America, the pairing consolidating recent gains.
News China’s Q2 growth slowed to 10.3% from 11.9% in Q-1, slightly below median forecast of 10.5%, has had limited effect on the pairing.
Very limited euro zone data today:
06:00 GMT: EU 25 new car registrations for June
08:00 GMT: ECB July monthly report
Just before I left yesterday was hearing talk of lumpy stop interest at 1.2670. Will try and confirm it’s still there. Can’t see any reason why not. Talk of 1.2800 barrier interest on topside with stops probably not far above there.
