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All quiet despite strong strong stock bid

By   || July 13, 2009 at 19:04 GMT
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EUR/USD has been trading firmly all afternoon but there has been next to no effort to push prices out of established ranges. EUR/USD finds offers in the low 1.3980s this afternoon, just shy of earlier 1.3992 tops from the London session. Most activity has been machine-to-machine for the balance of the US traders, say.

US equities are holding the bulk of their gains, nearly 2% firmer on the day. Oil is about $1.50 above session lows, now at $59.75.

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