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EUR/USD grinds to fresh session highs as S&P nears 900

By   || July 13, 2009 at 19:51 GMT
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The S&P is trying to break back above the 900 level after a visit to the 870s last week. This is helping give EUR/USD a bid tone into the close of trading, trading now at 1.4000. Risk is back in vogue, at least for a summer Monday. EUR/JPY is at session highs of 130.15, commodity currencies are firm with AUD at 0.7825

Goldman earnings are the key tomorrow morning; look for the risk swich to be thrown to “off” if they fail to live up to lofty expectations.

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