Ever heard the saying'no news is good news' well that surely doesn't appear to apply from the area of FX!
Frank if you say inventories panicked and demand for USD jumped does that imply there was a market off on wall st and the money placed into buying usd as a safe harbor? Sounds reasonable. If that's the case would be a temp 24hr item or will that price now'grip'. Or will the demand for usd persist for a few days?
Clearly this pair has two sides is there a european equivalent of NFP etc that has a similar influence on this pair?
Also when...