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Rate recovering well from the day's.....>

EURO-DOLLAR
EURO-DOLLAR: Rate recovering well from the day's lows, rising to just shy of the
pre-ECB levels at around $1.1280. USD is softening across the board headed into
the FOMC rate decision, with markets appearing to take profit on what was
already a thin move lower in EUR/USD (magnified by a series of option expiries).
Any rally through the day's highs at $1.1287 will open $1.1316, the 50%
retracement of the $1.1448-1.1184 move. 

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