EUR/USD sits at 1.5090 having done little overnight, the range confined to narrow 1.5074/1.5103 parameters.
It was interesting to see a newswire service (Market News) yesterday quoting unnamed ECB sources as saying most ECB officials are not overly concerned about euro strength until it gets towards 1.6000.
Very little Euro zone data due today, and the little there is unlikely to ellicit much, if any, interest:
07;45 GMT: French survey of industrial investment
10:00 GMT: Euro zone October producer price index expected flat m/m, -6.8% y/y
Talk of a 1.4850-1.5150 dnt in play, expiring Friday. I know some of you are sceptical regarding these dnt’s, that’s your perogative. Just to let you know the talk is out there.
Talk of sell orders at 1.5120 up through 1.5150 heard in Asia overnight.
South Korean authorities have again been spotted buying dollars to curb won strength, and some of those dollars will likely be transferred into euros.
