The Dallas Fed Texas Manufacturing index rose to 0.3 in November versus -3.3 in October.

The risk trade is rebounding this morning as the session wears on. Upbeat Chicago PMI and ebbing fears of the Dubai debt situation are at play. Oil is up 0.70 after sliding early, gold is near session highs, and EUR/USD has recovered to the 1.5040 area after a dip below 1.5000.

Traders continue to not talk of EUR selling at the fixing in just over 20 minutes.