After months of thrashing about all day everyday, it is difficult to suddenly find the markets trading in quite orderly fashion. Most of the markets have settled down into ranges after absorbing last week’s blizzard of economic data mixed with central bank action. How I worked “blizzard” into a comment headlined “summer” is another story entirely, but clearly these dull markets are taking my edge off…
EUR/USD edging higher at a glacial pace, now in the low 1.4980s after bottoming late this morning at 1.4940. 1.5000 offers from real-money accounts were seen last time up and standing offers from Asian central banks remain at 1.5020/25 dealers say.
