I doubt the two are connected but the ECB has announced it has adjusted collateral rules to allow banks greater access to liquidity. They will allow auto-loan asset-backed securities to be used, a new addition to the line-up. The collateral moves were leaked all day yesterday, so are not a big surprise. Maybe someone forgot to tell the algos.
EUR/USD is testing 1.2570 resistance. More is up is 1.2590.
