Fed's Jamie Bullard on the newswires saying no reason to dramatically move rates now. USD is responding with another minor leg lower for EUR/USD to trade as high as 1.0670s, although it's noticeable that Cable is less enthusiastic. I always like to hear what Bullard has to say as he changes his opinion as circumstances change, instead of spouting the same old line all the time. There's one drawback though, he's no longer a voting member. IJ.