AF:Euro Steady To Firm At 1.4430 In Early European Trading
The euro recovers 70 points to 1.4430 from the NY low yesterday at 1.4360 in the early hours of the European session as the euro continues to gain from yesterday's report from CNBC that Moody's and S&P reaffirmed Germany's AAA credit rating and on the weaker dollar amid speculation that the Fed Chief Bernanke may disappoint the market the third round of quantitative easing at today's central bank conference in Jackson Hole, Wyoming.
The Asian stock markets are flat, with most of the market participants on the sideline awaiting the Bernanke speech today. The Sept S&P Futures rose 0.5 percent to 1,163.6 as of1:15pm in Tokyo.
