Has the month-end distorting of prices already begun? The single currency has managed to slice through that psychological 1.35 barrier like a ‘hot knife through butter’ just as other asset classes stood still. There has been no helping hand from equities, commodities, or fixed income. Technical demand from EUR/JPY and EUR/GBP has managed to lift the 17-member cultured currency to take out the 1.3525 barrier. True to form, the EUR has maintained its momentum this week after the European Central Bank (ECB) has been willing to maintain its favorable outlook. Also today, the market gets to question the U.S. Federal Reserve’s outlook.