EUR/USD is chipping away at offers which are reported in the 1.3500/20 area. Interest rates and Fed expectations are the driver at the moment, with traders downgrading expectations for a Fed move any time soonish.
No one expected a move in the next six months, but they increasingly expected a move late this year. This data, if confirmed by payrolls on Friday, will push those expectations further into the future, once again.
