EUR/USD is trading marginally easier from where North America closed out Friday, presently down at 1.4710 from around 1.4725. The absence of Tokyo out on holiday has ensured activity has been pretty light.
Asian fund selling saw an overnight session low of 1.4677 posted, before Asian sovereign buying interest surfaced lending the pairing support.
The Thai central bank governor came out and indicated that they are in the process of diversifying the USD portion of foreign reserves.
Nothing much in way of European economic data today, infact the cupboard is pretty much bare:
06:00 GMT: German wholesale price index for September expected +0.3% m/m, -7.7% y/y.
Risk appetite looks in OK shape, with European stocks looking likely to open marginally firmer. Oil prices are also higher.
