EUR/USD: European Comments Taken in Stride

Eurogroup head Juncker is on the wires saying the Euro forex rate reflects the strong economic recovery. Inflation is under control, he goes on. The market has grown numb to comments from the finance ministers today. While most showing little concern over EUR strength, this is hardly news to the market at this stage. Friday afternoon looks like it will shape up to be a carbon copy of Thursday with EUR/USD likely plying a range 10 pips either side of 1.3600 barring an unforeseen "tape bomb". It trades now at 1.3598.