Some morning yap yap of stops/bids & offers:
EUR: The single currency has continued to move higher since European morning as Fitch indicated it has no plan to downgrade French rating this year, however, offers from real money accounts and corporate names are reported at 1.2815-20 (stops above) and also further out at 1.2850-60 with mixture of offers and stops seen at 1.2890-00. On the downside, bids from various parties (including European names and Asian CBs) are lined up at 1.2740-50 and although some stops are placed below there, more buying interest is located from 1.2720 down to 1.2700 with mixture of bids and stops remains at 1.2650-60.
EUR: The single currency has continued to move higher since European morning as Fitch indicated it has no plan to downgrade French rating this year, however, offers from real money accounts and corporate names are reported at 1.2815-20 (stops above) and also further out at 1.2850-60 with mixture of offers and stops seen at 1.2890-00. On the downside, bids from various parties (including European names and Asian CBs) are lined up at 1.2740-50 and although some stops are placed below there, more buying interest is located from 1.2720 down to 1.2700 with mixture of bids and stops remains at 1.2650-60.
Big subject, I hope we will have time discuss it further.
