Down at 1.2345 from North American close Wednesday up around 1.2390, Asia still loathe to embrace risk at the present time. Market will have noted comments by Eurogroup’s Juncker overnight, opining that pace of falling euro is unwarranted but that co-ordinated forex intervention is not needed.
Not much in the way of euro zone data today:
06:00 GMT: German producer prices for April expected +0.6% m/m +0.4% y/y
08:30 GMT: Italian industrial sales/orders for March
European stocks look set to open firmer this morning.
Talk decent buy orders lined up down around 1.2250, sell orders noted at 1.2400, 1.2425/35 and 1.2500/25, the latter level said to include sovereign interest.
