There’s an option strike for the 1000 NY cut today at the rate, which appears to be having some attraction, but some reasonable steady corporate buying has been seen off the earlier lows around 1.0525.
Latest rally ran out of steam at 1.0630.
Talk of stops through 1.0660 which look a bit out of reach at the moment ahead of the option expiry , and latest intel is suggesting a giant panda has been seen selling above 1.0600 which sounds dubious
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