The greenback is starting to lose some ground
The AUD is now the top gainer on the day, with AUD/USD up to session highs of 0.7590 while the kiwi and euro has also turned positive against the dollar on the day.
Meanwhile, cable is also up now to 1.3370 after having traded around 1.3345 prior to the release of the Q1 GDP second reading report. The report didn't offer much with minimal revisions and continues to highlight the poor showing in Q1. The move up in cable has more to do with the fall in the dollar than the strength in the pound.
The only non-mover against the dollar so far has been the yen, with USD/JPY still trading at 109.40-50 levels so far in the session.
The flows out of the dollar has seen the dollar index pare all gains and is flat on the day trading at 93.786 - having tested the 94.00 handle once again earlier.
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