The head of the Eurogroup of finance ministers says that he is not very happy with FX volatility and says that volatility will be discussed at the upcoming G7 meeting.
Late last week it became clear Europe was unhappy with the weakness of the pound while in the last few days there have been efforts by European central banks to limit EUR/USD weakness.
EUR/USD is holding below the 1.3206 highs, consolidating the big gains put in place today.