EUR/USD is giving ground in afternoon trade, falling back to the low 1.43-teens, the point from which it broke out to the topside earlier in the day. 1.4314 had capped bounces until the demand for EUR/USD at month-end sent the pair soaring in the run-up to the month-end fixing at 15:00 GMT.

Look for a modest shake-out to the downside if EUR/USD dips below 1.4310 this afternoon.