EUR/USD is getting a little short-covering boost as gold prints at the $1400 level. With the press awash in international criticism of QE2, expect retail to be a big buyer of gold today. Upbeat comments from the World Bank on the monetary role of gold are helping as well.
US equities are rebounding nicely, down just 0.3% after sinking 0.7% earlier in the day.
EUR/USD trades now at 1.3925 after dipping as low as 1.3887 earlier in the session.