Traders report the Bank for International Settlements, the central banker’s central bank, is on the bid in EUR/USD in the high 1.3230s. Some wonder if the BIS is working in conjunction with the ECB to dampen speculation against the euro.
Crossing the wires, the Greek finance minister says the Greek banking system is “absolutely shielded”. If the ECB is willing to lend to them no matter what, he’s probably right…
EUR/USD trades quietly at 1.3240.