Some interesting names being bandied about in EUR/USD. China and Reserve Bank of India have been seen selling up above 1.4500, while the BIS is said to have been buying at 1.4490/00 on this latest move lower.
Back with Noyer’s earlier comments. The official said it was important for currencies to remain stable to allow the world economy to continue its recovery, saying “We will be very attentive to that.”
Now were I come from, we call that “verbal intervention.” Yes siree bob!!!
EUR/USD presently at 1.4485.
