EUR

he s imposter , uses my nick ,

good bang is worht the monia

The upswing in euro caught many flatfooted," said David Watt, a currency strategist at RBC Capital Markets.

The sharp moves, however, highlighted the thin and choppy year-end trading conditions that are likely to persist as more and more investors close their books for the upcoming holidays.

"Many players are absent, leaving the market driven by short-term trading," said a trader at a European bank in Tokyo.

The dollar's decline also followed an abrupt drop in U.S. Treasury yields and Moody's warning that it could move a step closer to cutting the U.S. triple-A credit rating.

Improved appetite for riskier assets on growing optimism about the U.S. economy and China keeping interest rates on hold all conspired to push the greenback down more than 1 percent against a basket of major currencies. [ID:nL3E6ND0QB]

"It looks like it was more a squeeze of positioning than anything else. Particularly in the euro because we know the market is well short," a trader at a U.S. investment bank said.

ja wohl ,

Thanks, digi. Good luck today.