he US dollar is firm against most of the major currencies today. There seems no fresh impetus behind its rise. Global capital markets have continued to stabilize, with most equity and bond markets higher. Money market rates in China have slipped now for the fourth day running. The euro's corrective upticks were brief and shallow, after hitting what appears to be a wall at $1.3150. The single currency has been sold to new lows for the moves today. While there may be some psychological support near $1.30, we see the near-term risk extending toward $1.2975. The euro has not traded below $1.30 since the start of the ... (full story)