EUR/USD retested the Monday low around 1.4846 and is holding so far.
Crossing the wires now are comments from the CEO of Germany’s Daimler saying EUR/USD at 1.50 is a cause for concern and something they are monitoring closely. He says Daimler is 60% hedged in EUR/USD, more in JPY.
US equities are back above water ahead of consumer confidence, helping keep EUR/USD above the stop-loss sell orders. EUR trades now at 1.4857.
