EUR/USD climbs through 1.12

Yesterday was a harrowing day as the EUR/USD range broke and then it was a one-way screamer through waves of resistance in the 1.0980 to 1.1060 zone and beyond. In the flash of an eye, we're now above 1.1200 and steaming along to 1.1217.

It's not just the euro as the broad US dollar rout kicks off once again.

The economic calendar is busy today, starting with initial jobless claims and Q4 US productivity.

Strap in.