Reports of central bank buying of EUR/USD and a move through 1.9700 stops in cable helped drag EUR/USD close to 1.2950 briefly, but prices slipped back quickly to the 1.2930s. Dealers are keeping an eye on oil prices at present, with price action closely tracking crude so far today.
EUR/USD went to its highs as crude pushed back above $51 briefly but it eased as prices slipped again. They are now down $0.38 at $50.82/barrel. Stops are eyed at the 1.2960 level near-term, dealers report. Sellers remain toward 1.2990/00.
No comments:
Post a Comment