EUR/USD has bounced nicely from the 1.3730 level where the BIS has been rumored on the bid. Dealers note China was a large seller above the 1.3800 level earlier in the session and may be buying a few back on dips near-term.
Watch stocks near-term as the reflation trade looks like it is set for a pullback today.
EUR/USD trades at 1.3753.
