EUR/USD: PCE Heading in Fed"s Direction

Core PCE dipped to 2.2% y/y, edging back toward the Fed's 2% target. Durable goods were a bit stronger at the headline level but were soft stripping out transportation. EUR/USD has shown little movement, jockeying around but ending up at 1.3190. A large 1.3200 expiry this morning should keep prices from straying too far. Michigan consumer sentiment is next up at 15:00 GMT.