EUR/USD: EU's Almunia- Sharp Fall in EUR Could Cause Problems

Far from talking down the EUR, EU economics czar Almunia says a shaper fall in the EUR could cause majors problems, according to Thomson Financial News. Presumably, he is talking about a rapid unwinding of the carry trade, but the context is unclear. He says the euro zone economic situation is better than expected. EUR/USD trades quietly at 1.3617, running into offers in the low 1.3620s.