EUR crosses on the move
There is a big difference between wanting to buy and needing to buy, and the current EUR move is a perfect example of the latter. EUR/CHF is 200 pips higher in the last few sessions and the market simply cannot get what it needs at these levels. This cross is another 50 pips higher in Asia in thin trade. EUR/JPY is rising in sympathy.
Just popping out to lunch, back shortly.