- EUR opened lower after Monti’s resignation and more dovish ECB comments:
- Market again tried to trigger stops in EUR/USD below 1.2870 but ran into solid buying interest:
- Pair has spent majority of Asian session between 1.2890/1.2910:
- USD/JPY has traded a 20 pip range, 82.40/60, with EUR/JPY edging lower from the NY close near 106.65:
- Chinese trade data was worse than expected with the surplus in November falling to $20 billion from $32 billion last time:
- AUD/USD dipped by 15 pips on this data but has otherwise been stagnant near 1.0475:
- Sovereign sellers are reported in AUD/USD between 1.0510/20:
- Regional stocks slightly higher, +0.2% on average.
