The pair marked a $1.3483 to $1.3563 last night in the US and opened near $1.3525 this morning in the Asia-Pacific. It staged a small rise to $1.3532 in early trades as the dollar weakened but was then pulled lower as risk assets recovered. The pullback was also limited as euro-yen held a firmer posture, with euro-dollar marking a low of $1.3506 in Asian trade. Dealers said direct interest in euro-dollar positions were largely muted, while the focus remained on the debt talks in the US. By late in the morning, euro-dollar was back in mid-range and was last at $1.3515, not far from where it had started theday. The pair looks set to continue its sideways trading within a broad $1.3462-1.3608 region with a close below the $1.3461 level needed to end bullish hopes and see the overall focus shift back to retests of the $1.3325 Sept 17 low.
