- Ireland’s debt agency says S&P ascribes no value to “bad banks” current assets
- Says it believes S&P ‘s approach is flawed
Meanwhile EUR/USD has seen narrow range trade during the Asian session. presently at 1.2632, price action having being confined to narrow 1.2627-1.2669 range.
Little euro zone data due today:
08:00 GMT: German Ifo for August. Business climate expected 105.7 from 106.2.
Buy orders seen clustered down at 1.2580/90, sell orders at 1.2690/00 and again at 1.2720/30. Probably stops either side, ie below 1.2580 and above 1.2730.
