A quick 5 point pop in the S&P coupled with a bounce in oil is helping drive a rebound in EUR/USD. We’re up to 1.4080.
Dealers also note talk of demand for euros at the 15:00 GMT fixing.
The 1.4025/30 area is proving durable support, most likely on sovereign demand.
No sign of Swiss authorities doing anything to weaken the uber-strong CHF…
