EUR/USD dipped all the way back to session lows around 1.3540, down a cent in an hour, but dealers have not identified much of a catalyst. CNBC is highlighting a dip into negative yield territory in 1 month T-bills, likely for month-end purposes. That may be sparking some risk aversion, but I’m stretching here for a cause-and-effect…
As quick as EUR/USD fell, it is rebounding, now at 1.3560. Not much reason to get involved in the middle of a pretty unexciting range.
