www.ForexNfo.com wrote an interesting post today on
Here’s a quick excerpt
News and views Markets made a whippy close to the month overnight. During the London morning the US dollar continued its offered tone before price action stabilized. Then when New York came in the USD gained some legs. There were plenty of “reasons” being mentioned but the most logical was a sharp increase in overnight dollar Libor to 3.61% from 2.50% due to month end liquidity concerns. This was enough to then drive a short squeeze in the USD. Once that was done markets quietened down again.

Read the rest of this great post here