The US dollar is near the worst levels of the day as stocks fall to the lows. The S&P 500 is down 5 points to 1879 after rising as high as 1891.
The euro is driving the move as it pushes to 1.3880 from as low as 1.3812. I picture ECB governing council members throwing their hands in the air. They finally got a few good headlines this week to help the ‘weak euro’ cause and there’s still no breathing room below 1.40.
![EURUSD daily](http://az705044.vo.msecnd.net/20140502/EURUSD-daily-chart.png)
EUR/USD daily