Dealers note some buying from Russia on the way down this morning. They were first seen at 1.3380 and again at 1.3310, we hear. There is also talk that the Koreans have been buying cable on dips.
EUR/USD is consoldating losses in the 1.3220s amid profit-taking spurred by fears the ECB is ready to join the rest of the major central banks in pumping fresh liquidity into the system via bond purchases.
