The US dollar remains under some pressure after the soft consumer spending numbers but I’d say some month-end position squaring on euro shorts is the larger driver.

EUR/USD is up to 1.3623, just a couple pips shy of yesterday’s high.

There are about $900m options expiring in the 1.3620-30 range at the top of the hour with another billion at 1.3650. The 200-dma is a key level to watch on the close at 1.3644.