Dealers are really at a loss to comprehend much less explain the choppy price action of the last 45 minutes or so. The battle between risk aversion and dollar-insecurity continues to play out…
Bids are rumored in the 1.2590/00 area on further dips (we’re now at 1.2630) while stop-loss sell orders lie at 1.2580. 1.2680 was the post-data high…
