Retail traders are obviously unimpressed by the IMF/Italy news, by the US retail sales on Friday, or by any of the other Franco-German developments; they’ve immediately sold EUR/USD from 1.3320 to 1.3290. AUD/USD has also pulled back towards .9800 but it’s still 100 pips above it’s NY closing level. The fact that AUD/USD didn’t fall on Friday night, whilst the EUR/USD was putting in fresh lows, does suggest that it has fallen far enough for now.