EUR/USD: Crosses Steady; Stocks Not Buying It

US equities are not trading in orderly fashion at the open, seemingly ignoring the wave of risk aversion that has swept through currency markets in the last few hours. Much of the move appears to be flow-driven with an eastern European central bank dumping GBP/JPY with little subtlety. EUR/USD held above support at 1.3140 and is now bouncing back, trading at 1.3158. Offers remain toward 1.3180/85.