Dealers note talk that the Bank for International Settlements was on the bid as EUR/USD slumped to the 1.2480s after the jump in jobless claims. That same bank was a seller into strength earlier this week, for what it’s worth.
Oil futures cracked the $50 level briefly while US long-term rates continue to tumble and short-term rates approach zero. These are signs of riks aversion, factors that will limit EUR/USD and EUR/JPY rebounds.