Traders note good selling of EUR/USD every time we get above the 1.27 level from central banks across the spectrum. The BIS, Mid East and I would imagine the SNB were up above 1.2700 earlier while the BIS bought some back on the dip to 1.2640. Buyers are seen in the 1.2590/00 area on further dips while stops are building below 1.2580, traders say.
US yields continue to slide in anticipation of more aggressive easing from the Fed down the road. Bernanke’s speech on Friday from Jackson Hole will be key.
