Callowsaid, noting that it was a surge inyields onItalianbondslast month that threatenedcorecountries in EuropelikeGermanyandFrancewithcontagion, promptinginvestorstodumptheir bonds.
"It is one of those strange moves because we can't attribute it to a payrolls report or Japanese economic news, " said Sean Callow, senior currency strategist at Westpac in Sydney.