EUR/US$
The Euro was blocked close to the 1.4150 region against the dollar in Asian trading on Wednesday and came under renewed selling pressure in Europe with a further test of support levels below 1.41.
The Euro was unsettled by a sharp drop in Chinese equity prices which undermined international risk appetite while there was also a sharp fall in German producer prices which reinforced speculation over deflation pressures.
There were no significant economic data releases to guide markets and the dollar was unable to make a challenge on Euro support levels below 1.41. After initial declines, Wall Street steadied and this helped the Euro back towards 1.4150, especially as commodity prices also strengthened....
