EUR/USD
The wave of the euro sales hasn’t taken long to appear. Already yesterday the single currency dipped close to 1.30 and stopped only 8 points above that level. Once again the movement was caused not by statistical data, but by politicians’ pledges. Throughout the day it became clear that there were certain difficulties in fulfilling those minimum requirements that had been proposed at the summit. The countries were again acting as sovereign states, defending their own interests. The ECB’s representative reminded that the Bank was unable to pursue the same policy as the Fed and couldn’t be a lender of last more…