Eur/usd – 1.3512 …http://www.acetraderfx.com German import price rose by 1.0% m/m n 2.6% y/y in February versus economists’ forecast of 0.4% m/m n 2.0% y/y. The single currency rose to 1.3519 on active short-covering. Talk of option with strike at 1.3500 will expire later today (NY cut), suggesting euro’s upside is likely to be ltd. Bids are now noted at 1.3490/95, 1.3470 n further out at 1.3440/50. On the upside, some offers are tipped at 1.3530, 1.3550 n 1.3570/80.
