EUR-
Despite the general lack of major releases out of the Eurozone, the Euro continues to trickle upwards as the Dollar suffers a continued drain in sentiment and the Pound is only just recovering from the recent political crisis.
Options pricing shows that insurance against a stronger Euro have reached recent highs, suggesting the rally could have legs yet.
It's less about the fundamentals and more about the sentiment this time around, with Chinese authorities demanding banks and pension funds to shed US Treasury holdings and the Pound busy tearing itself apart over the political concern.
There are some getting ahead of themselves, concerned that a further push in EURUSD up to $1.25 could trigger an intervention to weaken the Euro so as to avoid damage to exports. We have a long way there yet.
Markets Today
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Major Economic Releases (All times in GMT)
No major releases.