EUR/USD continues to press its case to the downside but the minute the music stops, traders are quick to cover shorts, taking us back above 1.4800. The usual rumors of Asian sovereign interest is heard on dips.
Greek stocks are down 7.8% in the wake of the downgrade news while US shares are lower by about 0.8% in pre-market electronic trade.
Oil prices continue their recent tumble, down another $1, trading now at $72.86, a plus for the dollar and the US economy as winter gets underway.
