The central bank of a large country on the eastern flank of the European continent know for its exports of oil gas and sexy spies was a buyer of EUR/USD on the recent dip, helping push the pair back up to the 1.2850s, where it seems very comfortable.
That might be it for today, folks, in terms of market interest. Look for the market to digest today’s banking news and come to a judgment early next week. Skepticism may win out, but that does not necessary translate into lower prices. As we’ve seen time and time again, the market sense when we’re all on the same side of the boat and tends to send a well-timed wave to knock us head over heels…
Color me officially confused…
