Bank CEOs called into Fed for comp meeting

CNBC reports the CEOs of the 28 largest US banks were called into their regional Fed branches today. The meeting was on executive compensation.

I’m guessing talk of that meeting began to make the rounds but without the slant that it was on comp and not some more market moving topic. That may have knocked down the financials and set the stage for the EUR drop. Stocks are stabilizing now, so EUR/USD may see a bounce.