Now that the fixing is out of the way, perhaps we will have some return to normalcy…
The euro is quite bid headed into the European close. EUR/GBP has been a standout performer today, rallying more than a cent. This has helped push the component parts in opposite directions as EUR/USD flirts with the upper reached of the daily range and cable with the bottom.
US equities are nearly 0.6% firmer on the day after closing right on support at 1041 overnight. We’re now at 1047.
Offers are seen in the 1.2300/10 area while stops are clustered at 1.2310/20. In thin month-end dealing, anything is possible.
