EUR/USD has pulled back into the 1.2940s as dealers book some profits as intraday momentum stalls. Dips should find support at 1.2905/15, a former area of resistance which was overcome on the rally to 1.3034 late this morning.
Just crossing the news wires, Tom Daschle, Obama’s choice for Secretary of Health and Human services, has withdrawn his nomination after running into tax trouble. Another appointee dropped out earlier today after a much more modest tax error than the $155,000 Daschle made.
