Labor reform talks reached an impasse in Spain today, one factor weighing on the euro.
The deputy PM is on the wires now saying that talks will be extened a few days to try and reach a deal.
EUR/USD has pulled back to the low 1.2350s as EUR/USD demand wanes after a brisk morning.
Traders in New York say traffic was light on the way in today and they expect liquidity to be thin. Look for most to try and compress the days business into the next three-hour window.
