Aforementioned trailing stops through 1.2965 have finally been tripped and we’re down at 1.2935.
Sources say the fact that Hungary cut its 3-month discount treasury bill offer by 10 bln forints helped undermine the euro. Hungary sold 35 bln forints worth of 3-month bills, lower than its original offer of 45 bln.
JUst being told more stops through 1.2920.
