EUR/USD found some modest demand at the 16:00 GMT fixing, which is a bit of a surprise. The flight-to-quality being seen in the markets this morning does not seem to extend to US institutional investors. If they were pulling money out of Europe in a big way, we would have expected to see some interest to sell at the fixing.
EUR/USD is bouncing after the fix, so it looks as though I am not alone in anticipating perhaps there would be some selling. EUR/USD has jumped to 1.4385. Offers are seen at 1.4400 and 1.4420.