EUR/USD is ticking higher after options at 1.3450 expired at 14:00 GMT. Hawkish comments from Luxembourg's Mersch that the ECB is monitoring price stability very closely is helping underpin the pair for a change.
Yesterday, for example, the EUR seemed to ignore the usual string of hawkish rhetoric from the ECB as they prepare the market for a June rate hike. On the flip side, the Fed's Lacker sounded quite upbeat on the US economy on CNBC but maintains worries over stubbornly high core inflation rates. Offers are eyed in the 1.3470/75 area with stops eyed toward 1.3480. Bids are layered down at 1.3440/45 on dips.
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