A look at the EUR/USD as the Chinese ponder buying Italian bonds

The Monday trading session was punctuated by volatility in U.S. equities as traders digested late-session news that the Chinese were in talks to buy Italian bonds. How much or even if this will happen has not been confirmed but the discounting helped slow the sell-off in the euro and the single-currency stabilized as the U.S. trading session wound down to a close and thus the Asian session will take the reigns and we’ll see how and if the Chinese action pans out.

Posted on by Raghee in blog post, raghee report, trading lesson

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