EUR/USD has seen another bout of short-covering, rising as high as 1.4068 so far.
As the greenback gives back gains, risk trades are bouncing a bit though they still trade lower on the day. Oil is down $2.25 at the moment, at $97.85. We were as low as $96.37 earlier in the day.
US equities are down 1.1%, about a half-percent above their worst levels. Gold is on its highs, acting as the safe-haven against European sovereign debt turmoil.
1.4075/80 is the next layer of sell orders passed along by traders…We trade now at 1.4055. EUR?JPY is back above 115.00, a sign of easing euro-jitters…