Brazilian officials says BRICs may take unilateral action to lessen dependence on the dollar at upcoming Russian summit, Reuters reports.
EUR/USD raced to 1.3983 on the headline before easing. The Reuters story quotes the Brazilian Strategic Affairs Minister, what ever that is, as its source. A Fiance or Central bank official would add a bit more weight to the idea.
EUR/USD continues to find supply in the low 1.3980s.
