Selling from the BIS in the 1.2760 area as well as news that nine states did not compile jobless claims data because of the Labor Day holiday is helping cool the risk rally as the morning wears on. EUR/USD has eased about 20 pips from 1.2767 highs though equities are holding most of their gains..
1115 is the 200-day moving average in the S&P. A sustained break of that level will improve risk appetites again…
