Can’t keep a good euro down. Rebounding US equities are helping the cross shrug off an earlier reversal in oil and bounce to fresh session highs at 124.50. US equities were down more than 2% in early afternoon but head into the close down only about 0.5% in the Dow and 1% in the S&P.
EUR/USD is grinding higher as well after only minimal pullbacks this afternoon. We trade with a few pips of session highs of 1.3700 as we write.
