2201 GMT - EUR/USD likely to move broadly sideways in the Asian
session, with RBA's policy meeting later likely to be in focus, says
HiFX senior trader Stuart Ive. While investors don't expect further
easing measures, they'll be looking for indication of where the RBA
sees monetary policy for the time being. There's "an air of caution
about the agreements that came out of Europe" last week, Ive says,
"with lots of ifs and buts." He tips immediate support for the pair at
1.2570; a break of that level could see paring of some recent gains
and EUR/USD could move toward 1.2510. Ive says upside capped at
1.2670. Pair at 1.2584 early in New Zealand vs 1.2573 late Monday in
NY. (arpan.mukherjee@wsj.com)
(END) Dow Jones Newswires
July 02, 2012 18:01 ET (22:01 GMT)
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