Bid for dollars emerges ahead of the equity open
The story in European trade was the weakness in the US dollar but the move is a bit more nuanced in the past few minutes.
USD/CAD and USD/JPY remain near the lows but the dollar is recovering some of the lost ground against the euro and pound.
Here's a look at EUR/USD:
I think this is a bit of flow related to equities. There were so many earnings at the open and a lot of the dogs are bouncing big today because some of the numbers and commentary weren't as bad as feared.