Jay I don’t think, other than China, the rest of the major sovereigns are as unstable as people are thinking. Japan will move again soon, US inevitably, Europe is a maybe. There is still a chase for risk, the sky has not fallen, to conditions are softening but not dramatically. So in totality the swatch of varied markets is reacting more in USD as the driver but with spots of the others making adjustments. Bottom line is Usd is still selling and I don’t think it should be a surprise if Euro closes the week over Dollar.
