Risk aversion easing as midday approaches

Compared to the mania seen overnight, US markets have been quite placid.

Oil is up about 0.90 on the day, now at $96.10, well above 93.55 low overnight. Stocks are basically flat, reversing their overnight plunge as well. Yields are edging off their lows as well.

All this suggests a modest bid under EUR/USD near-term. Offers are seen in the 1.4030/40 area. We/re now at 1.3992.

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