EUR/USD is bouncing strongly as Asian central banks continue to fill their coffers.
Somewhat more hawkish comments than those from most other ECBers by Belgian central banker Quaden are helping. Quaden says the ECB stands ready to act on inflation if needed…most others have said they expect inflation to blip higher before coming back below target later this year…
We’ve bounced all the way back to 1.3700 from 1.3643. Offers lie up at 1.3720/25, protecting a 1.3725 barrier. More offers are seen toward 1.3735/40.
