EUR up across the board
Dealers have no consistent explanation for the sudden move higher in the EUR. EUR/JPY set the ball rolling but the EUR has also made some decent gains against the GBP and the CHF.
With the oil price rising and talk of the European debt-contagion being now behind us, perhaps we’re seeing a rush to cover EUR short positions.
Liquidity is not particularly good which is no doubt exacerbating any moves.