Currency markets continue to gyrate this morning, largely following along with US equities. Share prices have bounced about 1% after a dip toward breakeven at mid-morning. EUR/USD has drifted back above 1.2900 as a result but remains somewhat offered as concerns mount over the huge debt being held by European banks and German Chancellor Merkel struggles from political challenges on both her left and right.
Look for volatile trading between 1.2850 and 1.3000 for the balance of the day.
