US equities have turned fractionally positive in afternoon trade, after a modest “sell the news” reaction this morning after a big earning beat from Goldman.
EUR/USD has edged up after a dip to the 1.4905 after a midday rally sputtered (at 1.4958) just shy of earlier session highs despite a big acceleration in the price of oil. Jitters that the EU may send a delegation to Beijing to appeal for currency flexibility prompted the earlier pullback, but the combination of strong oil and rebounding equities are helping embolden some bargain hunters.EUR/USD trades now at 1.4933.
For the voyeurs out there, instead of the usual afternoon car-chase fare on CNN, they are covering a child caught on a runaway balloon. There’s a first for everything, apparently…
