- Small trailing stop-loss buy orders at 1.2510 EUR/USD
- 1.4500 option expiry at 14:00 GMT
- SNB bid in EUR/CHF was as large at 5 bln EUR at times today
- AUD/USD stops below 0.8875
- NZD stops below 0.71
- EUR calls being bought to protect profits on short positions
- EUR in demand versus commodity currencies this morning