EUR/USD back under $1.4400

Market news

1 June 2011

EUR/USD back under $1.4400

Back below $1.4400 and extends intraday lows to $1.4383 as euro pares gains ahead of the NY open. Support seen into $1.4380 ($1.4381 76.4% $1.4360/1.4448), ahead of $1.4360/50.

US: Challenger reports 37,135 planned layoffs in May, up slightly from the 36,490 reported in April, but down from 38,810 in May 2010.

JPMorgan has pushed back its BoE rate hike forecast to November from August.

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