EUR/USD eased only about 10 pips headed into the 16:00 GMT fixing to around the 1.31110 level. Hard to say whether the real money flows out of euro land have lightened or whether the market is jet better prepared to deal with the flows after seeing them repeatedly in recent sessions.
A 2.5% rally rally on Wall Street is certainly help boost sentiment today as are hopes that tomorrow’s 3-year LTRO will reliquify European money markets.
