EUR/USD - Euro has traded erratically in Asian morning (range so far is 1.3883-1.3922), the selloff fm 1.4002 to 1.3872 due to news of a proposed change in USD LIBOR fixing (market's expectation such move will push rates higher n shud boost demand for USD interest-bearing assets) triggered a large sell order in euro. Range trading shud continue until European opening with bids reported near y'day's low, 1.3810/20 whilst offers are touted near 1.3940/50, 1.3980 n 1.4000 respectively - trade the range.

P.S. European traders may pay attention to a summit meeting attended by EU leaders today on any statement to voice their support for Latvia (if so, euro will benefit, if not, the single ccy may be dumped).