Russia was forced to buy roubles today for the first time since they widened their trading band some 15% last month. This usually results in the Russian central bank selling EUR/USD in subsequent days to get its 55%/45% USD/EUR basket back into balance.
EUR/USD has edged a shade lower in recent minutes, dragged down by a sharp slide in the pound after the Llloyds Bank loss was announced. UIS financial stocks have tumbled along with the UK banks, upping risk aversion again. We trade now 1.2832.
