The NY session saw overnight risk aversion continue to play out across the board as worries about the financial sector permeated the marketplace. US stocks were pummeled and the S&P sank -4.3% to just above the 100-day moving average at 830 now. Gold rallied more than $16 on the day and was near 885 at the NY close. The flight to safety left the US dollar better bid on the follow. EUR/USD continued to lose ground and fell -50 pips into the 1.2920 area. Look for some short-term support by
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