It didn’t take long but now dealers say central banks have turned sellers above the 1.2800 level. The BIS was spotted above that level on this latest push after buying the dip to 1.2785 a short-while ago. Leads one to suspect that perhaps there is a 1.2800 options expiry that they are a part of…
US equities are on a short-covering tear, up 3.75% in early trade.
EUR/USD trades now at 1.2792.
