The greenback remains lower to start the day, with the risk tilt more positive
The Dollar and Yen are still lagging behind as we move towards European trade, due to a slight upside boost in equities as the risk climate remains more bullish.
EUR / USD holds its high for the day, but struggles to break through short-term resistance around 1.1750 at the moment:
After braving the month-end feeds yesterday, market participants will be looking to hang on to the next narrative and so far it’s based on a more positive risk mood for now.
US stimulus hopes are arguably what’s driving this, but can such a sentiment last if things turn badly in Washington again?
This is a key consideration, alongside the conclusion of Brexit negotiations and the US jobs report tomorrow as we look to wrap up the negotiating week.