The order books were pretty much cleaned out on Friday and traders aren’t in any rush to start placing their orders ahead of today’s EZ FinMin treff in Luxembourg.
Middle East Sovereign bids are noted starting at 1.3230, so over 100 pips below current levels, and I’m not hearing of much else at the moment. I’m sure Joe’s usually reliable contacts will bring us better info over the next few hours. There’s still an opening gap back to 1.3400 which would normally get filled during European trade.
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