EUR/USD sits at 1.3355, effectively where it closed out Thursday in North America with trading in Asia confined to a narrow 1.3352-1.3384 range.
Euro zone data today:
06;00 GMT: German trade balance for February expected 11.4 bln. Current account expected 6.5 bln
06:30 GMT: Bank of France business sentiment for March
06:45 GMT: French manufacturing/industrial production for February
Hard to see anything there elliciting much interest.
Talk of sell orders 1.3390 t0 1.3410. Probably stops just above there. Can expect renewed sovereign buying interest on any appreciable dip below 1.3300. Bank of Korea rumoured to have intervened to weaken won again overnight, so can expect some USD diversification from them again soon.
European stocks expected to open firmer today.
