I thought I was being jaded and biased, but it’s officially true, the EUR is currently trading in the tightest range in five years based on last weeks range as this summer lull has sent G10 currencies mostly to sleep. Global scheduled and unscheduled holidays, thrown in a few major sporting events and the market has reason enough not wanting to get too involved ahead of September’s event laden calendar. The single currency has been rather resilient with dips being actively bought, leaving the topside rather vulnerable as market participants slowing make it back onto the playing “field.” Next months Cbank and German ... (full story)