0208 GMT [Dow Jones] The EUR/USD is up as investors continue to trim their short-EUR positions in the face of efforts by major economies to ease European sovereign debt concerns, says Kenichiro Ikezawa, a fund manager at Daiwa SB Investments. Broadly firm Asian share prices are also supporting investor sentiment, he says. The Nikkei 225 is +0.5% at 10,565.96. The EUR/USD is at 1.3011, after hitting an intraday high of 1.3015, from 1.2975 late Tuesday in New York. Ikezawa says, however, that investors will refrain from aggressively betting on the EUR ahead of Portugal's bond sales later in the day, but if the sales go smoothly, the pair may rise to 1.3080. The EUR/JPY is at an intra-day high of 108.33, from 108.00 late Tuesday. Ikezawa says the cross may rise to 109.00 later in the global day.([email protected])
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