Dollar bull scatter ahead of Draghi

EUR/USD is back to unchanged on the day at 1.0885 after falling as low as 1.0851.

The turnaround is part of a broader US dollar selloff following the options cut. The dollar has been steadily bid as Treasury yields slip.

The EUR/USD intraday high of 1.0894 is now in focus but be careful out there with Draghi set to give a speech in Berlin imminently.

Update: That didn't take long. Another wave of USD weakness not targets yesterday's high of 1.0900.