Fresh session low for EUR/USD as the risk-aversion which boosted it early in the day has all but petered out. Oil is now up only a quarter after rallying $150 to nearly $79 early in the day. We now trade at $77.50.
Stocks have lost a good bit of their early gains and Treasuries are rallying again. So much for Ambrose’s scary headline about Treasuries being dumped in the wake of CNY flexibility.
Look for sellers on rebounds toward 1.2375, a former support level on dips.
