One cannot look away from his/her screen for too long today – EUR/USD in the blink of an eyelid has just flew through the option barrier at 1.3650 making a fresh intraday high at 1.3668. It has been an unbelievable response from the market given the trials and tribulations of the Irish banking system so eloquently and realistically outlined by the FinMin Lenihan earlier this morning.
It seems that month end flows/ACBs have won hands down today.
