The pair fell to a low of $1.2806 on Friday in New York, following a positive reading of US non-farm payrolls for June, and continued with a heavy tone through that session before ending the day around $1.2834. This morning in Asia, the single currency started near $1.2811 as weekend reports about debt problems in peripheral Eurozone economies kept the rate soggy but climbed to an early $1.2835 high when bids from European accounts appeared from $1.2810. The pair turned back again to $1.2811 as Asian stock markets retreated, and sell orders then materialized near $1.2850, with more selling also cited beyond from $1.2890. Further dips below the May 17 lows around $1.2797, if followed with a move below April 4 lows near $1.2746, would suggest scope for a return to Nov 2012 lows of $1.2662. The pair has so far stayed within the $1.2811 to $1.2835 range through the rest of the morning, last at $1.2815. Germany trade balance at 0600GMT and EZ Sentix index at 0830GMT provides the morning interest in another wise data thin week. FOMC Minutes Wednesday the highlight. Eurozone FinMins meet Mon/Tue with market awaiting decision on the next tranche of Greek aid.
