Prolific commentator FX Quant passes along a link to a story in this morning’s Washington Post. There has long been speculation that the regulatory move to change the status of some firms from commercial market participants to speculators (with higher margin requirement on specs) was the catalyst for the big oil decline in recent weeks.
EUR/USD has firmed back above the 1.4800 level, now at 1.4825, in thin trade after a post-jobless claims dip.
Link fixed now
