EUR/USD has made ground in Asia, presently up at 1.3670 from a North American close Friday down around 1.3620.
French President Sarkozy said at the weekend that the eurozone stands ready to come to Greece’s aid, if needed. He also threatened measures against speculation in credit default swaps.
General risk sentiment is in decent shape with Asian stocks posting sizeable gains overnight, Fridays better than expected US jobs report helping underpin.
Euro zone data due today:
07:30 GMT: Bank of France business sentiment for February expected unchanged 104
09:30 GMT: Euro zone sentix investor confidence for March expected -8.0 from previous -8.2
11:00 GMT; German industrial production for January expected +1.0% m/m
Buy orders noted at 1.3590 down to 1.3565, sell orders 1.3690/00 and 1.3730/50.
