EUR/USD has recouped a cool 50 pips or so and I haven’t the foggiest idea why.
One factor may have been protection of 1.00 barriers in USD/CHF, but it’s really tough to say. Traders are closed mouthed as well..
As we noted earlier in the day, markets are already thinning out for year end so it will be choppy like this for the foreseeable future, unfortunately.
EUR/USD now at 1.3639.
