Good morning all.
Looks like there might have been some stops above 1.3650 in the EUR/USD, or perhaps even an exotic option there. The market stalled at 1.3649 on Friday in late NY but has traded to 1.3665 already this morning in early interbank stoushes. EUR/USD has steadied at 1.3640, AUD/USD at .7680, USD/JPY is 98.80 and cable 1.5230. There is talk of a big offer in the AUD/USD and I am trying to find out an exact level.
Good luck today.
