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Monday, January 15, 2007

EUR/USD: Gonzalez-Paramo Concentrates On Slovenia

So deeper into the holiday impacted North American session and EUR/USD now works a 1.2935/50 comfort-band. Dealers cite fix potential and the impending closes as the only real hope for an injection of volatility (in either direction) but with orders building on either side to protect the wider 1.2625/55 range the flat-lining looks set to continue for the moment.

Elsewhere, the ECB's Gonzalez-Paramo has concentrated on Slovenia in the latest comments. While in other news, the Iraqi vice President has noted that "Iran has a deep and exceptional influence in Iran".

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