EUR/USD has fallen back toward the base of the day’s range as US share markets give back much of their earlier gains. We’re 14 points below the intraday highs if 1303 on the cash S&P index while S&P futures are now flat on the day.

EUR/USD trades at 1.2722 after stalling at 1.2750 on earlier rebounds. Support from the NY low is at 1.2711.