EUR/USD: Crosses, French Data Help Boost in Range

EUR/USD is a shade higher in quiet afternoon trade, underpinned by another drop in French unemployment to 8.3% in March and on comments from the Fed's Fisher that the US economy should avoid recession and that subprime problems do not appear systemic. EUR/JPY is the main mover this afternoon, helping underpin EUR/USD while sustained EUR/GBP strength is helping as well. Offers are seen between 1.3610 and 20 in EUR/USD with more above 1.3650 toward 1.3667 record highs. EUR/USD trades at 1.3607.