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EUR/USD slips back from highs

By   || July 15, 2009 at 07:32 GMT
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EUR/USD has slipped back to 1.4050 at writing having earlier posted a 1.4070 session high. 

Sources now report option-related sell orders at 1.4070 up through 1.4100.

I had wondered, given the aforementioned sovereign sell interest above 1.6400 in cable, whether we might be about to see some sovereign selling in EUR/USD.  As yet though I don’t have any reports of such.

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