Dealers in the interbank market report horribly choppy markets today wit prices swings of as much as 20 pips in nanoseconds. Reports of prices being given at 1.3200 and offers at 1.3220 paid in the same instance are making the rounds…glad I’m not quoting customers anymore…
There is a busy data morning ahead with CPI, TIC data (capital flows) and industrial production all due in the next 45 minutes.
