Been a fair bit of 2 way trade this morning with initial bids in the 0.9920’s holding up ahead of more down at 0.9880/90.
Real money names were seen earlier buying aggressively in the 0.9950’s which led a quick bounce to the 0.9970’s. , but recent comments from Trichet continue to rest heavily on EUR/USD which in turn is impacting on AUD
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