EUR/USD: Fresh Marginal Highs as Chicago Tanks

EUR/USD raced up to fresh highs at 1.3221 as Chicago PMI falls to 49.9, below the proverbial boom/bust line at 50. Note that Chicago has not been very well correlated with ISM of late. US yields are easing as dealers fear an ISM print below 50 tomorrow. EUR/USD tested 1.3220 highs where central bank sales were rumored yesterday, protecting 1.3225 barriers.