12:03 EDT - EUR/CAD bottomed out at 1.2455 in overnight trading, just
four ticks above its all-time low, which data provider CQG puts at
1.2451. TD Securities says it doesn't think the move necessarily stops
here and it's been calling for an eventual drop to the 1.21/1.22 area
for some time. "While 1.2450 might look to be a natural stopping point
for the EUR, the underlying trend dynamics here are still very
bearish, it says. EUR/CAD currently at 1.2477, CQG says.
(don.curren@dowjones.com)
(END) Dow Jones Newswires
July 12, 2012 12:04 ET (16:04 GMT)
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