- Pair regains the 3.70 level into midday fix
- Markets a bit short, also spooked by fears of ratings cut
- Pair last seen at 3.7025-55, rising from 3.6895 early low
- Break above 3.71 could push the pair to 3.7180 yesterday high, Mar 11
- Caution ahead of FOMC meeting tonight may hamper gains intraday






