Eurogroup head Juncker says he thinks French President Sarkozy has a point when talking about the unacceptable global monetary disorder.

Europe has pleaded with China to allow its currency to strengthen, as has the US, but so far China has rebuffed the west, preferring to export its way back to economic health while lending its trading partners the cash needed to buy those exports.

EUR/USD is holding below session highs at 1.4395 after a test of the highs a short while ago. EUR/USD trades now at 1.4385 at the moment.