Traders are blaming the dollar rebound over the last hour or so on a corporate customer shopping around for the best price on a fairly sizeable cable deal in thin markets.
Word to the wise: When markets are thin, hold your nose and deal on the first price you see, no matter how horrible it may be. Calling around from bank to bank only drives the market against you. Looks like the customer screwed not only himself but prompted stops to be triggered below 1.5920 support.
Prices have been gyrating since the order went through and bounced briefly back above the 1.5920/25 level before stabilizing just above 1.5900 from lows at 1.5870.
