EUR/USD remains a buy on dips this morning as probes into the 1.3120 area find fresh demand, which some reckon is from sovereigns. Options-related sales ahead of 1.3200 may be being scooped back up on the dips, dealers surmise.
US CPI is next up for the market with a 0.2% rise in the core expected. Offers are seen in the 1.3150 area, followed by more at 1.3165. Small stops are seen in the high 1.31-teens but bids return toward 1.3100.
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