EUR/USD and Cable are doing their sequel to “Groundhog Day”. Each has reversed early weakness to push up late in day, especially as Europe gets ready to head home. Yesterday we stalled near 1.3570 and 1.5100. Today remains an open issue…
Traders say there is talk in the market that France and Germany have agreed that the IMF will have a role in any Greek bailout, thus conferring third-world status to the Euro zone…
Middle Eastern accounts were seen selling above 1.3560s, traders report. We now trade in the mid-1.3530s.
