Risk aversion is edging higher this morning after a rebound earlier in the session. There has not been a big continuation to the downside in equity markets but rebounds have been fairly tepid.
EUR/USD is running into sales now in the 1.4100/10, helping prices to drift off to the 1.4080 region. Traders want to see how cash markets open on Wall Street before making any big bets, it would appear.
Oil has turned lower on the day after rebounding more than a dollar earlier in the session. It trades now at 66.33, down $0.43 on the day. Gold trades at session lows of $935. in cash, as well.
