The talk we’re picking up this morning is all dollar selling, but the greenback is holding its ground against the euro. A large forex fund was seen selling dollars in the last ten minutes while Asian central banks have bees seen selling in the last half-hour.
Ooops! As we write, the buck is losing ground, heading for resistance at 1.4565 in EUR/USD. Look for stops in the 1.4570 area.
