The Bini-Smaghi saga continues. The Italian ECB managing board member continues to angle for a cushy landing spot as France seeks to replace him on the board with one of its own.

Italy would have two of the top spots if Draghi and Bini-Smaghi served tighter. A frightening though indeed

;)

EUR/USD has fallen to fresh session lows at 1.4185. Stops are seen below 1.4180.