Doesn’t matter that we’ve has two days of stunningly strong US economic data. The fiscal apocalypse is taking center stage and it is weighing on risk sentiment at long last. The market has been complacently waiting for a deal to get stitched together but if is looking less likely by the hour.
Bloomberg just flashed )again) that Monti will resign today after the Italian budget vote. No shite…
EUR/USD stops are eyed in the 1.3165/70 area, traders report.
