A lively start to the session as DAX surges to send euro lower

Posting 2-month highs of 10039.61 we saw the euro get an early kicking before finding fresh demand.

GBPUSD showed that it didn't like the associated heat and staged a rapid rally to 1.4383 from 1.4338 leaving EURGBP unable to hold back above 0.7750.

USDJPY currently testing 113.50 support/demand as year-end yen buying continues to cast a shadow.

No doubt Merkel's poor showing in the regional elections, albeit widely anticipated, also weighing on euro pairs after showing little reaction in Asia.

Fractious times still.