The pair posted new 2014 lows near $1.3459 last night in the US before ending below the psychological $1.3500 mark, at $1.3466. It started this morning’s session holding a $1.3465/70 range and got up to a $1.3471 high early in the session, thanks to euro-yen trading up to the session highs just after Japanese stocks started the session higher. Euro-dollar however lost ground very quickly after the release of Australian Q2 CPI data, with traders blaming the move on a drop in euro-aussie. Euro-dollar slid toward the overnight low after that and marginally traded below that to mark a $1.3458 low. Profit-taking interest and bids defending the 1.3450 barrier have managed to keep euro-dollarfrom dropping further during the Asia-Pacific hours while stops are noted at $1.3445. Offers are noted above at $1.3480/90, with small stops then seen above $1.3500 and $1.3515. Euro-dollar was last at $1.3464.
