EUR/USD Rise Above 1.3050 Difficult - Trader
0530 GMT [Dow Jones] EUR/USD's rise above 1.3050 looks difficult, says Mitsubishi UFJ Morgan Stanley Securities senior dealer Minoru Shioiri; even if today's Fed Beige Book, advance report on durable goods add to views U.S. economy points toward more recovery, prompt players to take risks. Amid lingering uncertainty over European financial sector, economy, "players cannot find any reasons to continue accumulating euro-holdings." EUR/USD Last at 1.3003. Dow Jones poll of economists say June's advance report on durable goods, due at 1230 GMT, may rise 1.1% vs 0.6% fall in May.
0530 GMT [Dow Jones] EUR/USD's rise above 1.3050 looks difficult, says Mitsubishi UFJ Morgan Stanley Securities senior dealer Minoru Shioiri; even if today's Fed Beige Book, advance report on durable goods add to views U.S. economy points toward more recovery, prompt players to take risks. Amid lingering uncertainty over European financial sector, economy, "players cannot find any reasons to continue accumulating euro-holdings." EUR/USD Last at 1.3003. Dow Jones poll of economists say June's advance report on durable goods, due at 1230 GMT, may rise 1.1% vs 0.6% fall in May.
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts