EUR/USD rallies back over 1.3300 on Nowotny comment

Nowotny says euro exchange rate “not a matter of major concern” and up she goes.

We’re at 1.3307. Sell orders seen clustered through to 1.3320, buy stops through 1.3330.

Personally thought ECB’s Praet had said as much earlier this morning when he said that ECB has no exchange-rate target. But then that’s just me.

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