The dollar lags behind the basket of the main currencies of the day
EUR / USD takes a look above the 1.1200 level as things move forward, last seen on March 16 or two and a half months ago. Buyers continue to stay in control and look to the swing region closer to potentially 1.1239.
This comes as the dollar continues to lag since last week, the risk climate in the market remaining even more optimistic today.
Elsewhere, cable is also trading higher just below the 1,2600 mark and above its 100-day moving average. Meanwhile, AUD / USD still looks perky and nearly tested the handful of 0.7000 in Asia-Pacific trade earlier – hitting a high of 0.69983.
The movement in the past few hours has been more modest, with the dollar holding losses and remaining on the back foot. And so far there is little suggestion of a change in the narrative as we get things done in European morning trading.