As if on cue, Juncker says strengthening euro could hamper recovery

As we postulated earlier today, it was only a matter of time before the jawboning from Europe began. And thus it has: Eurogroup head Juncker says the strength of the euro could hamper the the economic recovery. A further rise would not be in-line with fundamentals, he says.Recovery is still a ways off, he reminds the market.

EUR/USD is giving a bit of ground, down to 1.4015 after touching 1.4051 a short while ago.