• Macro hedge fund sold EUR/USD heavily from the 1.2950 level
  • German insurance company was rumored to be in trouble
  • Russia was a heavy seller of EUR/USD again despite wider trading band put in place Thursday
  • UK clearer sold cable heavily from 1.3620 level first time down
  • Large bids rumored at 1.3500 in cable
  • Good selling interest in USD/CAD above 1.2600 from Canadian corporates
  • Stops in USD/JPY from 89.50 through 90.10