After buying earlier around the 1.3900 level in EUR/USD, Asian central banks failed to make their presence felt this time down…Looks as though the market pulled the plug on some longs after slipping back below 1.3900. 1.3870 is first support, followed by the 1.3855/60 area. Stops from medium-term players lie below 1.3850.
Crossing the wires, Irish PM Kenny names Michael Noonan as Finance Minister.
