EUR/USD:

Market news

9 March 2011

EUR/USD:

Recovery extended to $1.3920 as talk emerged of ECB checking Irish and Greek rates, with later talk of official buying of Greek and OPortugal bonds. Rate holds firm, currently trading around $1.3915. Offers were earlier reported between $1.3920/25 ($1.3922 Tuesday recovery high in NY), a break to open a move toward $1.3950/60.

European session: the euro rose

Germany: Industrial Production s.a. (MoM) (Jan) +1.8%, (YoY) +12.5%

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