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Monday, March 19, 2007
EUR/USD: European Name Snaps Up Dip
Dealers note good buying by a European bank on the dip to the low 1.3290s, helping push the pair back to 1.3300. EUR/JPY is firmer in the last half hour, drifting up along with US equities which trade close to their best levels of the day. Chicago Fed manufacturing data is due up at 16:00 GMT while the NAHB sentiment survey follows at 17:00 GMT. Offers remain in the 1.3310/20 area near term.
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