Turns out the Geithner comments that a rebounding economy would weaken the dollar (which Reuters attributed to Bloomberg before backtracking) remain unconfirmed. That, combined with a growing list of “troubled banks” at the FDIC and news that there are three and a half years worth or expensive ($750,000+) homes on the market at the moment has helped prompted renewed risk aversion
EUR/USD is near session lows in less than an hour since it raced up to the 1.3990 area. 1.3855/60 is important support amid reports of Chinese demand on dips. Trailing stops are eyed on a 1.3850 break. EUR/US trades at 1.3893.