The poor jobs data from Friday and the on-going debt-ceiling debate are leaving the USD without too many friends in the FX market. It is being shaded just slightly by the EUR in the ongoing ‘ugly’ contest but traders shorting the EUR are more comfortable holding CHF, JPY, GBP etc than they are holding the greenback.
EUR/USD is finding some support around 1.4200 and dealers are also closely watching very important support levels around 1.4150.
