Not much bounce for EUR/USD late in the European session withthe pair holding below Friday’s lows. EUR/JPY selling pressure on the back of a reversal in US equitiy prices (which are dragging US yields lower) are helping limit USD/JPY gains. so as EUR/USD moves lower, EUR/JPY goes with it…
Traders report some buying interest in EUR/USD on dips this morning, starting around the 1.2640 level. We trade now at 1.2660.