EUR/USD sits at 1.3737, all but unchanged from when I arrived 3 1/2 hours ago. Narrow rangebound trade has prevailed at the start of the European week. Talk in the market has the BIS on the bid down at 1.3730.
Some stops tipped through 1.3720. Meanwhile sovereign sell orders tipped at 1.3800 and again at 1.3830/50.