Thursday, October 8, 2009

EUR/USD a bit tired; dips below 1.47 before bounce

EUR/USD was unable to challenge session highs despite a surge to fresh records highs in gold, nore was Aussie able to break 0.8900.

A modest dip was seen below the 1.4700 level to squeeze out some of the late -comers to the party.

US equities are opening firm but are lower than the highest prices of the pre-market session. The S&P is up a robust 0.8%.

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