EUR/USD sits at 1.2338, down from a North American close Monday up around 1.2390, Asia loathe to embrace risk at the present time.
Fair amount of euro zone economic data scheduled today:
06:45 GMT: French wages Q1 expected +0.1%
08:00 GMT: Italian trade for March expected -2.0 bln
09:00 GMT: German ZEW survey economic sentiment for May expected 47.0 from 53.0
09:00 GMT: Euro zone ZEW survey economic sentiment for May expected 44 from 46
09:00 GMT: Euro zone CPI for April expected +0.4% m/m, +1.5% y/y, core +0.8% y/y
09:00 GMT: Euro zone trade for March
Talk of sell orders up around 1.2400, said to include sovereign interest, with stops gathered through 1.2420.
European stocks seen opening firmer this morning.
