Traders hear of a bullish report on the euro from a US think-tank, but I’ve been unable to dig up any details as yet. We trade now at 1.2708 from 1.2675 a short while ago. Offers remain at 1.2740/50.
If I had to guess, I would say they are touting the need for intervention by the ECB and others…
UPDATE: Traders say the report is neutral, basically a rehash of the status quo…EUR/USD back down to 1.2688.
