The bullish sentiment which was emerging yesterday in the wake of the Chinese moves on the Yuan seems to have retreated somewhat. The EUR is lower across the board despite no major bad news emerging; EUR/CHF continues to make new lows, EUR/JPY has given back all of the strong gains made in early Europe plus some, and the EUR/USD is very much back in mid-range territory. The AUD has managed to maintain some of its gains but if risk aversion returns then it will also be pressured.
Good luck today.
