EUR/USD came close to yesterday's session highs at 1.3220/225 before stalling on its most recent run. Dealers expect stops above the 1.3225 level but also note a good overhang of supply at 1.3260/70 should EUR/USD extend its rally.
Selling by US investors is rumored as risk aversion tends to prompt liquidation of overseas investments, especially as recent market weakness has been spread evenly around the global. US retail investors who were sold foreign stocks based on the notion of diversification now find the markets closely correlated. EUR/USD changes hands at 1.3214.
No comments:
Post a Comment