Traders express extreme frustration at the “gappy” price action this morning. Liquidity and credit are still not restored to normal conditions, prompting price dislocations. 1.4400 traded in EUR/USD followed by a near-instantaneous dip to 1.4390 offered, dealers report.
The counter-intuitive EUR/USD rally continues, squeezing fresly taken shorts hard. We’re above 1.44 with EUR/JPY buying getting much of the blame.
