The profit-taking slide in EUR/USD, sparked by the intensification of rioting in Egypt to the point where the government teeters in the balance, has reached 1.3602 so far. Heavy selling of EUR/CHF helped set the slide in motion as traders looked for logicl safe-havens.
Oil, gold and US Treasuries have all been bid up on the unrest. Oil is now up nearly $3, gold is over $1340 and Treasuries are down to a 3.32% yield from 3.45% after the US GDP data earlier in the day.
US share prices are down 1.5%, selling off from a close near 1300 yesterday.
