Dollar is lower across the board too
EUR/USD touches a high of 1.1711 on the day as the dollar weakens a little on the back of that. Cable also touches a high of 1.3247 on the day while USD/CHF falls to a low of 0.9910 currently.
The euro is still riding the momentum from the ECB report here yesterday and it's also helping to fuel German bond yields on the day too, with 2-year bund yields rising to two-week highs of -0.65%.
Despite tepid tones in equities, the dollar is finding it tough to get off the ground so far today as the market looks to be riding off the higher euro instead. The next key resistance for EUR/USD is the 61.8 retracement level @ 1.1720 - where the 26 June was posted.
Also, as mentioned earlier, there are large expiries at 1.1700 so that may anchor the pair until it rolls off later in the day. Something to consider if price action continues to stick around current levels that is.
