Eur/usd - 1.4752 ... German unemployment fell unexpectedly by 26,000 m/m in October (forecast was 20,000 increase), however, the unemployment rate decreased to 8.1% fm 8.2%. The EU's Monetary n Economic Affairs Commissioner Joaquin Almunia said the European economy wud suffer if monetary stimulus measures are withdrawn by central banks b4 fiscal stimulus programmes has had time to take sufficient effect. The single currency rebounded to 1.4760 on short-covering in European session n bids are located at 1.4725/30 n 1.4705 with some stops seen below 1.4680. On the upside, selling interest is tipped at 1.4770/80, 1.4800 n further out at 1.4820/30.
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