Looks like the BIS is still lurking on the offer in the 1.2745/50 area as the single currency quickly backed off from another run at that level.
A few fresh tidbits are crossing the wires. Fitch says there is no ratings impact on French banks from their exposure to Greece (Thanks EU/IMF/ECB!)
Also. Senator Shelby, the ranking Republican on the Senate Banking Committee says that Bernanke told the committee that the European debt crisis would have had ramifications for US banks if it were not dealt with…
EUR/USD trades at 1.2733 with equities extending their recovery.
