The greenback slips a little, dollar index down 0.1%
Minor moves across the board but as with the case in risk-on rallies during the previous sessions, the dollar and yen has been the main casualties and we're seeing a similar tone in early European trading here.
EUR/USD and GBP/USD both moved to highs of 1.1715 and 1.3236 respectively on the day, though still sitting in narrow ranges. Same goes for the yen crosses as EUR/JPY and GBP/JPY touches a high of 129.75 and 146.62 on the day.
Meanwhile, commodity currencies are also holding near the highs now as European equity futures are also joining in on the risk-on party.
The data docket in the session isn't going to have much to shake things up and the focus right now is on trade. If we're not going to hear any firm retaliatory measures by China, this rally here looks to continue until the US jobs report later and there won't be anything else that can change that.
Should there not be any new plans by China announced before the end of the day, keep your eyes out on weekend announcements. That will be an added risk for markets come Monday open.
