EUR/USD slipped late in Asia/early Europe which is path of the course these days. The inability of EUR/USD to trip the stops above 1.3500 (even though the high was 1.3502) was a major negative with reported investment bank sales the main containing factor. Asia basically gave it up then until, you guessed it, until early Europe sold again.
I am not sure what this market is running on but there appears to be little substance at the moment. NY was not interested in the Goldman Sachs fallout returning to earnings season where they jumped on the better than expected result from Citigroup. Unfortunately Goldman Sachs like Greece is unlikely to go away anytime soon but the US market is somewhat ambivalent at this stage.
Hearing a 3-mth Greece T-bill auction today…..that might be todays highlight.
