No signs of the consumer tapping his lines of credit as the economy stabilizes. Consumer credit contracted a record $21.6 bln. Revolving credit (credit cards, etc) fell $6.1 bln, while non-revolving debt fell $15.4 bln.
EUR/USD has dipped back below the 1.4500 level with the weak data upping risk aversion a notch.
Bids reside at 1.4480 down to 1.4460. More are seen in the 1.4450 region. Stops are seen near 1.4440.
