regardless of the downward pressure on the Euro. One of the ‘big four’ Australians has been on the bid constantly I hear and I believe from a snippet I picked up last week that this may be for a large fund that found themselves underweight the currency for year end. By the price action and the fact that it remains bid I repeat my comment from friday ( NYK time) that I would not be surprised to see a short covering spike if the constant bids stay around,
This morning we shortly have the Australian MI Leading Index…not gonna move the market tho’ ;-)…last print was flat..0.00%
We also have the Japanese Trade Balance and GDP
