The dollar is trimming its gains and stocks and commodities are moderating their losses late in the European session. It looks as though some of those who offloaded EUR/USD longs on the break below 1.4640 earlier in the day are re-establishing some of those positions.
Gold has pushed back above the $1000, now at $1002. That market got a bit of very good news overnight as China expressed interest in buying all the gold the IMF is expected to shed in the near-term. That would keep the gold from coming to market anytime soon and slowing the rally of recent weeks.
