EUR sneaking higher across the board

Author: Sean Lee | Category: News

EUR/USD is at session highs near 1.3990, similarly EUR/GBP at .8635, EUR/JPY at 115.05 and EUR/CHF at 1.2965.

There are no fundamentals to explain the recent strength in the EUR (and I don’t buy the reasoning that this is all due to a possible 25bps rate rise) so in the absence of fundamentals, flows are the most likely cause.

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