Dealers are blaming some of the buying in EUR/USD on Middle Eastern accounts accounts as the rebound reaches the low 1.3040s, into the thick of orders out of the Far East, where central banks are seen on the offer.
Stop loss buy orders are eyed above the 1.3050 level now, dealers report.
Comments from Republican Senator Shelby that many banks are inadequately capitalized are helping undermine the dollar near-term, though if it results in risk aversion, it will ultimately boost the greenback.
Case Shiller home prices indexes are due in about 5 minutes. They only fall…