The S&P 500 has turned solidly higher, now up 0.25%. Oil is firmer as well, up a buck, nearing $78. Both should be supportive of EUR/USD, limiting dips in afternoon trade. Offers remain on rallies toward 1.2350/55 but stops lie just above, at the 1.2360/65 level.

EUR/USD trades at 1.2325 and cable trades at 1.4830.