EUR/USD made a run toward the 1.4050 barrier but came up a bit short, stalling out at 1.4035. Volumes are quite thin, dealers report, with many bank traders just hoping to get to the weekend without getting picked off by a sharp client.

Just crossing the wires is a comment from the White House saying Obama is not concerned about a change in the US credit rating. That wording is a bit nebulous; I’d imagine they intended to say they do not envision a change in the US credit rating.