News Headline Summary

Less than impressive Services PMIs from the Eurozone continues to weigh on EUR/USD, which despite bouncing off earlier lows, sits lower by 20 pips and in close proximity to a touted barrier level of 1.2750

Update details:

- In addition to that, persistent below 50 readings, underpin the dire state that some economies are in and with the pace of deleveraging yet to slow down, there is a risk of another credit crunch in the bloc.

Print 09:09, 06 Nov 2012 - Market Analysis - Source: RANsquawk