DAX futures down 0.4%, CAC 40 futures down 0.9%.
Risk aversion climbing. Market all in a tizzy over China monetary policy and prospect of more tightening. Will be weighing on EUR/USD which has slipped back to 1.3580 at writing. As mentioned earlier barriers touted at 1.3550, stops through 1.3545.
Middle Eastern sovereign buying has been noted on recent dips (yesterday). Will be interesting to see whether they’re still sniffing about. And as mentioned Korea intervened overnight in USD/KRW, so they might well turn up on the bid.
