EUR/USD is softer in the wake of another round of soft US economic data has derailed the risk rally.

Before long, traders may start to focus on slowing data in China and Australia as well as in the US and come to the conclusion all is not rosy outside the US…

Stops are eyed in the 1.3175/80 region, traders report.

Cable is dipping as well, now below 1.5900. Stops are eyed at 1.5885/90.