Countdown to the month end London fix
Watch FX into the top of the hour
It's tough to pin any kind of fundamental analysis to the pop in the euro yesterday and the unwind today. Sometimes that's just what happens at month end.
We've seen some heavy dollar buying so far today, which is the opposite of what Citi's model was forecasting.
As we roll into the fix at the top of the hour, look for more whippy moves and a potential fade afterwards.