EUR/USD dipped as low as 1.4104 before steadying, with the dollar in broad demand across the board today. Risk assets are uniformly weak today, so perhaps we’re doing the risk-off trade today after skipping the risk-on trade on Friday. AUD and CAD weakness is a feature this afternoon while equities are slightly soft, down 0.7%. Commodities as a group are little changes with the CRB index essentially flat.
EUR/USD trades in the low 1.4120s and should find some sellers on rebounds to the 1.4130/40 area as the afternoon winds down. That area provided support earlier in the day.
