EUR/USD has fallen back to the 1.4160/65 area, weighed down by selling in EUR/GBP. The February lows in the cross at 0.8636 are eyed near-term; so far the cross has fallen as far as 0.8640 before bouncing.
It looks as though good news for the US is finally translating into a bit of good news for the dollar as currency longs trim exposures.
Heavy buying in USD/JPY has been seen from A US investment bank. Another batch of stops are seen in the 96.40/45 region, dealers say.
Sorry for the lack of updates. Server gremlins got the best of us for a few minutes…
