Presently down at 1.3020 from a North American close Friday up around 1.3075.
Eurozone debt concerns are once again very much to the fore, with Spain especially in the market’s cross hairs. General risk is off with gold, oil and US treasury yields all lower. The benchmark 10 year US treasury yield is currently down at 1.9770 from 1.9893 late last week.
Barrier option interest has been well documented at 1.3000, with Sean mentioning sell stops just below there and more through 1.2960.
To be honest, I was a little surprised the 1.3000 barrier interest survived last week. The lack of general momentum in the forex markets is at times rather shocking!!
