US May 24 MBA Mortgage Applications: -8.8%

May 29, 2013

Flash: USD sell off find support - BMP Capital Markets

Stephen Gallo, European Head of FX Strategy at BMO Capital Markets notes that the USD sell off during the early session yesterday didn’t last long and good support emerged near 1.0325.

EUR/USD in highs around 1.2960/70

The renewed weakness in the greenback is fuelling the current bull run in the EUR/USD on Wednesday, climbing to the boundaries of 1.2970 from session lows around 1.2840...