EUR/USD down at 1.2910 from North American close Thursday up around 1.2950. Move comes against general risk-off backdrop in Asia overnight.
Comment from China’s Wen that euro remains important investment choice has provided some support.
Not much in way of euro zone data today:
08;00 GMT: Italian trade for May
09;00 GMT; Euro zone trade for May expected 0.5 bln
Sell orders noted up at 1.2940/50 and 1.2990/00 ahead of 1.3000 barrier opton interest.
European stocks expected to open marginallly firmer this morning.
