Greenspan is scaring the wits out of many people the past few days and they are turning to the euro. Also there was a delayed reaction to the swiss rate hike today and USD/CHF went down (EUR/USD up). Also CPI is on tap for tomorrow ... what better way to make money tomorrow? Drive the euro up and then slam it down.
The GBP has not moved much because the dumb money is shorting it according to the COT data.
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