Not sure if they are throwing good money after bad but traders report interest to buy EUR/USD on dips from central banks as we continue to grind lower.
EUR/USD has been slammed by geopolitically-inspired risk aversion as well as ongoing European sovereign debt concerns. Spanish interest rate spreads over German debt sit at record wides today…Not to mention the unsettled Irish situation…
UPDATE at 14:12 GMT: European corporates have been rumored buyers of EUR/USD weakness this morning as well, helping lift the single currency from 1.3471 lows.
