EUR/USD has steadied after an early dip. Presently sits at 1.4965 effectively unchanged from when I sat down close to 2 1/2 hours ago.
Asian sovereign selling was seen overnight on approach of 1.5000 and indeed reports still have sell orders up at 1.4995 through 1.5010.
Few ECB’ers due to speak today:
12:00 GMT: ECB’s Quaden speaks at 5th Economic Forum Belgium-Luxemburg-Arab countries in Brussels.
14:30 GMT: ECB’s Stark speaks at a Business Process Management conference in Frankfurt.
16:00 GMT: ECB’s Tumpel-Gugerell speaks on 10th anniversary of the euro.
