Traders report that they saw some demand for dollars at the 16:00 GMT fixing with EUR selling and USD/CHF buyers the stand outs.

We continue to find buyers on dips to the 1.3880/90 region and bids are seen scattered dow to the 1.3865 level. You have to wonder if there are 1.3850 barriers having traded up toward 1.43 just two trading days ago.