EURUSD triggers stops through 1.1300 as traders continue to unwind hedge positions

Falling equity markets, with the DAX down by 1% earlier, is giving further cause for some overseas names to unwind hedges on EUR equity holdings. EURUSD has triggered stop loss buying through 1.1300 to post 1.1330 but currently back to 1.1317. Offers noted into 1.1350. EURGBP up to 0.7251 EURJPY testing 140.00. Whatever your own view on the reasons for these moves, and whether Grexit would be good or bad for the euro, you can't stand in the way of current flows. Order boards on the way. More information click here

Offers noted into 1.1350. EURGBP up to 0.7251 EURJPY testing 140.00. Whatever your own view on the reasons for these moves, and whether Grexit would be good or bad for the euro, you can't stand in the way of current flows.