EUR/USD has opened on a firmer footing, presently at 1.4930 from a North American close Friday around 1.4860.
The market has noted comments made by Fed’s Bullard over the weekend. The official feels the U.S. central bank should retain the flexibility to respond to any weakening in the economy by extending beyond March its authority to buy mortgage backed securities and agency bonds.
Asian central bank, real money, model fund purchases seen overnight.
Euro zone data due today:
08:00 GMT: French November PMI manufacturing, expected 56.0, services 57.8
08:30 GMT: German November PMI manufacturing expected 51.6, services 51.2
09:00 GMT: Euro zone November PMI manufacturing expected 51.2, services 52.9, composite 53.4
European stockmarkets look likely to open firmer today.
