EUR/USD is holding below 1.3350 amid talk of selling from sovereign names. The same guys took the market aggressively higher after the US employment report, catching the market far offside. Leveraged accounts were large sellers toward the lows after the data only to see prices rally better than a cent against them in no time.
Dealers fear a protracted period of range trade as central banks bottle up the market much like they did during the low volatility period last summer. EUR/USD trades at 1.3337.
No comments:
Post a Comment