The S&P 500 is back above 1100, up 0.9% on the session, helping give EUR/USD a fresh boost. News that the G7 conference call did not center around Spain has helped reignite risk appetites.

EUR/USD is nearing the top of its range, now at 1.2267 after a dip to 1.2230. Offers remain at 1.2275 with stops above at 1.2285.