• Bids still reported to be very solid near 1.0225
  • Sellers also moving offers lower, with CTA-type sellers reportedly starting near 1.0300

There is a 4-day weekend in Australia starting tomorrow, so it’s possible that we see renewed long-liquidation prior to this.

On the other hand, the renewed jitters surrounding European debt markets might encourage asset managers to buy AUD again so EUR/AUD will be worth watching.