EUR/USD has been firming steadily since talk of BIS (Bank for International Settlements, “the central banker’s central bank”) bids began to circulate just above the 1.2700 level. We’ve firmed above the 1.2750 level, trading as high as 1.2757 as stops above 1.2740 area triggered.Real money demand at the 15:00 fixing contributed to the move to fresh two-month highs.
Let’s see if the 1.2735 can provide support on dips now…
