As if this morning's sideways action was not boring enough, the one piece of economic data scheduled for this morning has been postponed until tomorrow. Technical problems at the Conference Board have forced a postponement of the index of leading indicators until tomorrow.
EUR/USD remains sluggish. It is bid on dips into the 1.2930s in anticipation of central bank demand. Recent data showing liquidation of US Treasury positions by OPEC countries as oil prices fall and demand for EUR/USD on dips may be linked to this phenomenon. Prices trade quietly at 1.2941.
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