Published at 05:20 (GMT) 09 Sep

EURUSD

Some indications of the usual sovereign related buyers just slowing the EUR/USD drop back below 1.2700, A lot today is likely to hinge on what side of 1100 the Sep S&Ps end up, and with little in the way of major data in the Eurozone weekly initial claims data will be the focus later on. We are looking for 475k against the consensus for 475k, neither a major step from the 472k seen last week. PB