Published at 11:37 (GMT) 25 Sep
EUR/USD pushed higher on ESM leveraging talk, which has since been largely dismissed by German officials, though discussions on other forms of expansion have prompted EUR bulls to pull the trigger yet again. Diversification into bank debt is also reportedly on the agenda. We have pushed up to 1.2930-35 levels on a combination of the above, with the downside well contained by Middle East accounts first and foremost, along with a Swiss supranational. We seem to be heading back to the days where all Euro news can be - or has to be? - viewed in a positive light.