Bounces are hard to come by at the moment in EUR/USD as the market chips away at bids from Asian reserve managers in the 1.4350/60 area. The latest foray saw a low of 1.4357. Greek concerns remain top of mind among traders this morning, helping spark a broad spate of risk aversion. Commodities, stocks and currencies are all under pressure while US Treasuries are bid to the boots.
For the upcoming 16:00 GMT fixing, the only flow I’ve picked up is demand for USD/CAD.
