Russian PM Putin says that trouble in the euro zone has some upside as the weak euro boosts exports. He also says he understands German’s decision to ban naked short-selling.
Not sure why is opining on such matters, but there you have his take…
EUR/USD bounced as high as 1.2302 on this latest rally, a 98 pip bounce in an hour. EUR/JPY stops above the 111.60 level were popped along the way before the cross scurries lower…
EUR/USD has already backed off to 1.2275…Not pretty.
