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Fresh Lows for EUR/USD as Price Shows Through Weds NY Low

EUR
  • EUR/USD trades to new pullback lows, nearing yesterday's NY session low of 1.0756 and the Asia-Pac hours low at 1.0752. Pick up in flow and volumes on the move, with ~700 lots trading at the session low, a cash equivalent of ~$94mln. Not the most sizeable trade in general terms, but typifies the generally quiet week so far. Today's futures volumes remain ~25% below the average for this time of day.
  • Fade in spot puts pair back in range of more sizeable option expiries at today's NY cut: just under $2bln roll off between 1.0745 and 1.0750 today.

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