EUR/USD and EUR/JPY have seen a bout of short-covering with a round of China bashing from Senator Schumer of New York helping undermine the buck. Traders are mindful that slagging off the banker can have blowback in the long-term..Schumer and Lindsey Graham of South Carolina, have sent a letter to the Commerce Department asking them to investigate Chinese currency manipulation.
Offers are seen in the 1.4910 area and again toward 1.4920, the area where EUR/USD sold off from this morning.
