Stocks cut losses as EUR climbs off lows

We’re back in sync… Stocks and EUR/USD are doing the mambo again this morning as the markets wax and wane together. EUR/USD has bounced 30-odd pips from a 1.3800 test and the S&P has recovered about half its early losses, now down 0.4%.

1.3850 is moderate resistance on rebounds now with more at 1.3880/90.

Crossing the wires, the Greek FinMin says Greece is slowly returning to the financial markets. It successfully sold some more bills this morning.