US equities have shed their earlier gains of about a half-percent and we now trade 0.1% lower.

Other components of the risk trade are easing like AUD/USD (now 1.0488) and oil (80 cents off of earlier highs of $97.60) while EUR/USD trades with a firm tone still, now at 1.2475.

Traders note ready EUR/USD buyers on dips to the 1.2445/50 area.