03:01 GBP/USD: Apparent "Miss-Hit" Creates Confusion Sydney, October 31:
Traders say that that a miss-hit in the GBP/USD around 1.6500 was partly behind
a spike lower in the USD against a number of currencies. The EUR/USD jumped up
to 1.2870 and the AUD/USD jumped to 0.6738 in the aftermath of the GBP/USD
confusion. Traders suspect that there was a USD selling flow going through at
the same time, but the unusual price action illustrates just how thin and jumpy
the FX market is at present. The GBP/USD trades 1.6360/70. --
[email protected]
Traders say that that a miss-hit in the GBP/USD around 1.6500 was partly behind
a spike lower in the USD against a number of currencies. The EUR/USD jumped up
to 1.2870 and the AUD/USD jumped to 0.6738 in the aftermath of the GBP/USD
confusion. Traders suspect that there was a USD selling flow going through at
the same time, but the unusual price action illustrates just how thin and jumpy
the FX market is at present. The GBP/USD trades 1.6360/70. --
[email protected]