Traders are trimming expectations that the ECB will hike ’til our eye bleed, pricing in only a mild nose-bleed at the present moment.
EUR/USD has dipped into the 1.4460s as equity rallies and commodities bounces run out of steam as well.
1.4450 is first support with more at 1.4430/35 near-term. 1.4520 is shaping up as growing resistance near-term ahead of the important area t 1.4580, the January 2010 top.
