EUR/USD has pulled back to the 1.3300/05 level amid talk that China has been a seller of EUR/USD on strength this morning. 1.3295/00 is providing support intraday with more eyed down at 1.3260. 1.3340/50 is solid resistance on rebounds near-term.
On the reflation front, oil prices have turned lower on the day after failing to overcome $50 ($49.94 the high). We trade now at $48.25.
