Yes folks a headline with the words "euro" and rally" in the same sentence which is something of a first in recent times
EURUSD had a look at 1.0550, a level that Ryan highlighted as it fell through 1.0600 and from 1.0560 we've now seen a decent rally through 1.0620, enhanced by less than dovish Nowotny comments on yields that I reported here despite the more scary headline.
EURGBP has popped back above 0.7050 after its own steady dig lower to 0.7014 while EURJPY is back above 129.00 from 128.33
Dizzy stuff eh? The big question of course though is whether this just a bout of profit-taking or something more but to be honest it's going to take a lot more than this to shake off the euro blues.
