EU Commission president Barroso is on the wires saying this is not the first time Trichet has come to an EU summit. Barroso says he will discuss the economic situation with Trichet.
EUR/USD has eased back below 1.3750 mid reports of further central bank sales into strength. The BIS was spotted at 1.3770, traders report. We’d expect bids to be solid toward the 1.3715 level on dips.
