The world of multi-billion cross-border M&A deals, this one is relatively small potatoes but it is a cash deal. Deutsche Boerse announced a short while ago it will acquire US equity options exchange ISE for $2.8 bln. The deal is expected to close in the second half of this year if approved by regulators.
EUR/USD has settled down into a consolidation in the upper end of the day's range, trading now at 1.3663. Price stalled just a few pips shy of the 1.3682 highs posted on Friday. Protection of 1.3690 and 1.3700 barriers is rumored on strength. Bids are seen at 1.3650/55 on pullbacks.
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