The dollar is seeing a bit more short-covering across the board late in European trade. In addition, EUR/GBP is giving back some of its month-end fueled gains, falling back to the 0.8875 area 0.8936 earlier highs. EUR/CHF is on the defensive as well, amid signs the Swiss National Bank is not overly concerned about the strength of the franc.
Looks like the euro may be getting a tiny does of the beating it so richly deserves…
EUR/USD is now at 1.4812. GBP/USD at 1.6688, USD/JPY at 81.30.
