US session lows at 1.4850 holding the line

EUR/USD just retested NY session lows around 1.4850 and so far, that level is holding the line.

Commodities are consolidating their losses across the board as are German and US interest rates. US yields are modestly lower along the curve, down 1.6 bp in 2s and nearly 3 bp in 10s, German yields are off earlier highs, now at 1.91% in 2s and 3.30% in 10s.

Lokk for backing and filling with a moderate-bullish dollar bias ahead of the event risk from the ECB tomorrow morning.