Eur/usd - 1.3934.. More news fm Reuters quoting comments fm Eurogroup Chairman Jean-Claude Juncker who is addressing a meeting in the European Parliament, he said 'excessive volatility of FX rates shud be avoided; FX rates shud reflect fundamental economic data n dollar vs euro is not at the level it shud be; he also made remark on U.S. Fed decision n said 'recent QE2 decision does not meet our expectations; sees risk of that decision.'
Euro did not show much reaction to his comments, price has maintained a firm undertone in NY morning on intra-day short-covering after early steep fall fm 1.4085 (Asia) to as low as 1.3891 near European midday