Despite mildly positive home price data EUR/USD is on the defensive with global double-dip fears hanging over the market. Spanish whining about the ECB limiting bank liquidity to three-months from one-year is being taken as a sign that the financial system in that country remains in precarious position.
Central bank bids are seen layered down to 1.2140 from 1.2175. It trades now at 1.2180.
