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Credit Concerns Dominate Trading In Sep Bunds

Forex News: The price action in the September bund contract was dominated by credit concerns Friday says WestLB. Notes events on equity and credit markets should continue to set the tone Monday in the wake of the US Treasury's rescue plans for troubled US mortgage lenders Fannie Mae and Freddie Mac. Sees resistance at 112.57 and 112.72, with support at 111.66 and 111.54 ahead of 111.42, the low from July 7. September bunds are currently down 0.34 at 111.72.




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