EUR/USD’s decline stalled at 1.3106, about 10 pips above the low for the week set on Wednesday. With gold rallying a quick $20 bucks in the last few minutes, intraday shorts may decided to cover shorts and head for the exits for the week.
Can’t blame them.
Still waiting on the ISDA announcement on whether or not CDS will be triggered. The betting is yeas, no if they are not, we could see some EUR/USD buying as well, I’d surmise.
