EUR/USD has finally chewed through offers around 1.3250 trading up to 1.3263 and within sight of stops above 1.3270. GBP/USD at the same time has cracked 1.5250 hitting a fresh intraday high of 1.5257 and in the process tripping a few light stops.
Moves are not just confined to EUR and GBP. JPY crosses are also well bid whilst the Kiwi and the loonie lead the commodity group higher.
All up it seems like a relief rally with European bourses now all trading in the black whilst headlines on Greece and other Club Med members are hard to find.
