Stocks continue to lead EUR/US around by the nose, leading it down 30 minutes ago, to about the 1.2930/35 area and now helping it recover toward 1.2960.
Obama is on the tube talking up his budget priorities.. THe budget has gone over like a lead balloon on Capitol Hill and around the country, so reminding the market of the massive new committments probably won’t help markets much. EUR/USD is stabilizing now around 1.2950.
