EUR/USD has bounced back from session lows of 1.4302 amid talk of very sizable bids in the 1.4300/05 area. Those bids seem to have been sufficient to stem the euro’s bleeding for now.
The somewhat weaker euro in Q2 has cost the ECB some money. They lost EUR 600 mln at the quarterly revaluation, according to data just published.
Small offers on rallies are seen now at 1.4340/50, traders replay.
