By: Jamie Coleman

The single currency attempted to break the near-term downtrend at midday in New York after  strong performance from European equities and a well -received Italian auction. We could not close the deal, however, and we've drifted back within the established 1.2885/1.2970 range. US markets will be open tomorrow, though perhaps thinly-staffed, so we should be getting closer to normal,  with any luck.