Traders report that it was a bullish report on the euro from a well-known US firm which pushed euro to 1.2600 a short while ago. Apparently they are upbeat on the bailout fund working.

We are just hearing rumors of a strong ISM figure…56.5. Just a rumor…

Gold is at a six week low despite earlier reports that the SNB had added a slug of the yellow metal to its reserves. We’re now at $1192.