Here’s a change of pace…the BIS is buying EUR/USD on the dips…not much of a surprise there. We traded as low as 1.4113 on the latest round of stop-loss sales.
“Risk” assets continue to sold with the CRB commodities index down over 1%, equities down 1.25% in the US and commodity currencies taking it on the chin.
EUR/USD trades now at 1.4130. Downside pressure remains intact while below 1.4155/65.
