It’s not a risk-on day just yet despite the rebound in EUR/USD. Oil is under heavy pressure, trading down at $74.50, down 1.15 on the day. USD/JPY is off lows but still trading well south of 88.00.
On the bright side, US Treasury yields are off their lows (around 2.91% to trade now at 2.94%. Still very low yields by any measure, though.Stocks are flat after slipping a half-percent following the jump in jobless claims.
EUR/USD is consolidating gains, now at 1.2382.
