Traders reported some central bank buying interest on the dip to the 1.3925 level but prices have managed to work their way lower. The renewed dollar strength is taking the steam out of stocks but the dollar is clearly leading the way in that regard. Oil has reversed early gains and now traded $2 below intraday highs at the $59.30 level. EUR/USD has dipped as low as 1.3912 so far.
Crossing the wires this afternoon are the details of the House health care bill. Good thing Gerry moved back to the UK or he’d be stuck paying that 5% millionaire’s surtax.
