MARKET TALK: Euro Reverses Losses On ECB Policy Talk, Firewall Report

EUR/USD trades near 1.33, all but reversing session losses as ECB's Constancio says euro-zone monetary policy must become "less asymmetric" after the debt crisis has been stamped out. The headlines dovetail with a Bloomberg report that Europe may boost its bailout facility to EUR940 billion for the year, according to a draft the news service cites. If the report is accurate, that would alleviate concerns that the fund is too small to firewall Portugal and increasingly embattled Spain. And with Italy retreating further from the radar, a boosted bailout facility may -- in theory -- have just enough resources on hand to contend with struggling peripheral nations.