Traders say another wave of US real-money (asset manager) sales just hit the market a short while ago. It seems as though these guys have been steadily parceling out EUR/USD all day, running counter to the conventional wisdom that they would have been USD sellers today based on US equity market moves.
Once the selling waves let up, EUR/USD drifts higher again. Keep an eye at the top of the hour: that seems to be when the sales come…EUR/USD trades at 1.4989 after a dip to 1.4975.
