EUR/USD continues to find buyers on dips from central banks from Asia and the Middle East, traders report. They seem very content to buy anytime we get close to the 1.3560/70 region. We dipped as low as 1.3574 this time before stabilizing.
A move above the 1.3725 area to take the immediate downside pressure off of EUR/USD near-term.
Keep an eye on gold this afternoon. The metal shed a quick $15 bucks this morning and the dollar and gold have been moving in inverse fashion for weeks a sustained move back below 1300 may prompt profit-taking in the medal and give the dollar a lift across the board.
