Equities are softer and the US$ is feeling the love No recent correlation to be seen of late between the "funding ccy" euro and equities so it's been all downhill for EUR pairs this morning despite European equity markets turning south into negative territory. Softer Eurozone flash CPI has only added fuel to the process while concerted EURJPY selling earlier spread into other euro pairs EURUSD is currently 1.0763 just off session and new 1-month lows while GBPUSD has dipped below yesterday's 1.4664 low to post 1.4659 despite better UK construction data.The lack of rally afterwards was the clue as I ... (full story)