The dollar is extending its fierce short covering rally as the long awaited correction gets underway. Fortunes have been lost betting on the dollar, against stocks and against commodities, but today they naysayers are finally having their day in the sun.
1.4825/30 is the next area for EUR/USD on dips. The market trades now at 1.4860.
Looks like the first-time home buyers credit will come down to the wire with no deal yet worked out in the Senate, CNBC reports.
