Euro tumbled out of Asia into domestic markets amid feverish talk that Greece was verging on a snap election after the opposition there voted against latest austerity plans.
Stabilization came around 1.40132 with reports of demand near 1.4025 – sovereign demand talk again.
Greece eventually denied there would be an election, giving  EUR an extra fillip.
And more from a trading floor nearby: a “nasty short squeeze,” not long ago.
It coincided with Finland voting in favor of bailing out Portugal – True Fins or not.
Then equities edged off lows as the groundless panicky tone faded.
The floor is punting on stops near the high in Asia: 1.4107, although flow is neutral so it may not be hit.
DXY flirted with important 76.00, 38.2% retracement of fall from 81.31 to 72.70.
But then it demurred.