EUR/USD new high in Asia. No joke! (But did you hear the one about the ECB minutes?)
The euro is making further gains against the USD as early Asia gets underway
There is no fresh news nor data, what we have here is a continuation of the overnight move. EUR traded high on the more hawkish (OK, more accurately probably is less dovish) European Central Bank minutes (for the December meeting.
Justin was all over it:
- EUR/USD pops to session highs following release of ECB minutes
- ECB December meeting minutes: Communication must change if reflation continues
And I followed up a few hours ago with analysis via Barclays:
European Central Bank givin' the euro some love