EUR-phoria
The euro was the story prior to the Fed on Wednesday, as the single currency moved above $1.22 for the first time since 2018.
Flash PMIs for the euro-area came in better than expected for December, a welcome development considering market worries that renewed lockdowns would undermine activity, presaging a double-dip recession.
The flash read on IHS Markit's services gauge for France was 49.2, better than even the most optimistic estimate from economists, and a full nine points better than con