We’re back up at 1.3837 having earlier posted session low 1.3808. Sources report Middle Eastern names notable buyers around the lows.
China’s shanghai stock index managed to reverse earlier losses, closing up 1.3% (at its highest level in 5 months,) and this will have helped steady EUR/USD. The baton has now been handed to European stocks. Will be interesting to see if they can recover from early losses.
