EUR/USD is slipping to fresh session lows in NY, taking out support at 1.4430. Fading hopes for QE3, a rebound in BofA and ongoing Greek turmoil (yields rise further as doubts over bailout persist).
The market just got done covering its shorts and know it is scrambling to reset them….
EUR/USD trades now at 1.4415 while USD/CHF soars to 0.7930.
