Dealers note selling from a pair of the more active European central banks in the low 1.3020s, but are not sure if there is any intent to be gleaned from the sales. Most suspect they are just playing the range like everyone else.
IBD/TIPP consumer optimism dipped in its latest release to 52.7, its lowest since October, but the market is paying it little heed. Offers remain on rallies toward 1.3045/50 and again toward 1.3065/75. 1.31000 barriers are reportedly in play while whispers of 1.3050s have made the rounds today as well. Bids are eyedat 1.3010 and 1.2990/95.
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