Here is an interesting take on the US Credit Card industry with analysts expecting a move from cutting dormant accounts to reducing limits on the more active credit cards. This will obviously have an impact on consumers spending power, but in the long term the deleveraging of the US consumer and the banking industry’s dependance on it, can only be a good thing.
Eur/Usd having tested the upside at 1.4380 is now pushing lower at 1.4350, bids are seen in the 1.4330 area.
