EUR/USD extending recovery

Author: Gerry Davies | Category: News

The Dubai World news seems to have been the trigger for quite a rebound in risk sentiment.  EUR/USD up at 1.2730, EUR/CHF up around 1.3000.  Cable has rebounded strongly, presently at 1.5450.

Guess we should be alert to renewed SNB selling in EUR/USD, the Swiss central bank having been seen active seller up in 1.2750/65 area yesterday.

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