Dutch central banker Wellink says we should not be overly optimistic about economic recovery looking at the country risks from Greece, Portugal and Dubai.
These headlines likely would have sparked selling yesterday but today the shoe is on the other foot and the market is in rebound mode. EUR/USD continues to consolidate in the 1.4580s at a time of day when we tend to see decent movement, the European close. If EUR/USD is going to rally through 1.4600 ahead of the Fed, I’d expect it to happen in the next hour or so. , EUR/USD
