A bit of logical risk aversion to strt the week

Given the protests across North Africa and the Middle East, the tensions between China and Japan and the anniversary of Occupy Wall Street, the market is taking a modest breather this morning.

We’ve just dipped to a fresh session low, down to 1.3088 in early US trade.

Small bids are seen at 1.3050 and 1.3020 on dips near-term, traders report.

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