EUR/USD: Back to Pre-Release Levels as PPI Dismissed

US PPI data is being dismissed as a statistical quirk and the EUR has rebounded close to pre-data levels in the mid-1.3150s. US interest rates are off their highs as the data is seen as an anomaly. 1.3175/85 offers remain on rallies while 1.3120 is solid support on dips. More selling is seen toward 1.3195/00.