Not exactly sure of the catalyst but it could be a comment from the G8/G5 statement that the emerging economies will work for strong private spending to promote demand. That’s a reflation boosted and could help reduce global imbalances over time.
There is also a reference (noted earlier) that they will refrain from competitive currency devaluations and promote a stable monetary system.
Offers are scattered up to 1.4020 above which stops kick in. Offers return toward 1.4050.
