Dealers says the euro decline over the last hour has been primarily driven by selling from one US custodian. It looks as though the decks are being cleared of a large short-dollar, long euro-position. Very heavy volumes have been seen at the lows with sizable bids (upwards of EUR 250 mln traded at one go at 1.4372…) filled in. A Susutained break of 1.4365 opens uo the way for 1.4310.