This move has a stench about it…Makes me wonder if a weak ISM figure has leaked…You don’t smash a currency as deep as EUR/USD by 70 pips on a rumor….
Either that are the nose counting on Capitol Hill is not going well on terms of passage of the debt-ceiling deal.
VP Biden is headed to the Hill today to twist Democratic arms, no a good sign.
US equities have shed nearly all their early gains, up 0.25% at present while CHF is at record levels…Be careful out there. Trade with smaller than normal positions amid high volatility.