Italian auction results due up at 09:10 GMT.
Event risk for single currency.
Before that at 08:20 GMT we have dutch auction results.
EUR/USD back below 1.3600 as European stocks crap out…..
I would expect to see sovereign buying on any accelerated losses from present 1.3585.
I think this given BIS already been buying under 1.3600 and fact China and Middle Eastern sovereign seen buying cable below 1.5800 recently (yesterday in fact)
Real money vs sovereigns, always an intriguing battle……. Real money can be pretty punchy on their day.
