Spain’s target range was to raise 2.75-3.75 bln and they raised it all!!!
Hooray……
Talk of a sizeable 1.3500 vanilla option expiry in EUR/USD at todays New York cut.
If you’re one who believes in the magnetic effect of these things, then the current rally may slow somewhat given the proximity of said expiry.
We’re at 1.3495 having been as high as 1.3503.