EUR/USD made a run into the high 1.3150s after TIC data came in far below expectations. Dealers typically get nervous if capital inflows fall below the monthly trade deficit and in December, they fell well short, only $15.6 bln versus $84.9 bln in November.
Central bank selling from Eastern Europe and Asia has been rumored near 1.3150 since yesterday and it is helping keep a lid on rallies. Trendline and fibo resistance comes in at 1.3165/75. EUR/US trades at 1.3146.
No comments:
Post a Comment