FX Update- USD
The dollar remains relatively buoyant despite ongoing credit and mortgage market concerns, sluggish equities, and oil prices off their lowest levels. EUR-USD has run into steady selling around the 1.4700 mark, while USD/JPY has been unable to stray far under the 110.00 region. EUR/USD sell-stops are noted at 1.4630 now, though appear to be out of reach for Wednesday’s session. USD/JPY bids meanwhile, are said to be thick into the 109.50 region.