Equities are maintaining their gains. more than reversing the drop seen on Wednesday while oil and gold have essentially done the same. EUR/USD needs to overcome the 1.4840 level on a sustained basis for it to be totally out of the woods after this week’ sharp correction.
US President Obama is on the wires saying that the Q# GDP data affirms that that the recession is abating but says the US economy has a long way to go until it is fully recovered. Employment is the key benchmark, he says.
EUR/USD trades now at 1.4820