EUR/USD ticks higher as Europe gets underway
Written by Gerry Davies
May 11, 2011 at 06:24 GMT

Sources note buying out of Eastern Europe and we’re up at 1.4405. As mentioned sell orders layered 1.4420 up through 1.4450. Stops above there or through 1.4460. Take your pick.

UPDATE: Just being told BIS seen buying as well.

Asian central bank has turned up buying EUR/USD, not overly large apparently. We sit at 1.4368 having been as low as 1.4365 so far.

UPDATE: Talk BIS been buying again in recent trade as well.

More Asmussen:

* There will be debate on Greece next week but no decision will be taken

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