With Italian bond futures higher on the open after the formation of a new government, and the usual expected month-end Bundesbank demand for EURGBP, we’ve seen the euro start the week on a firmer tone.
EURUSD is up to Asian highs of 1.3068 but sellers still seen at 1.3075 with larger interest behind that at 1.3100. EURGBP is up at 0.8418 from 0.8405 having failed again to penetrate good support at 0.8400, while EURJPY buying is lending support to both EURUSD and USDJPY as traders tread carefully into a new week.
