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Dollar off the boil as US stocks edge back from opening highs-EUR/USDS back above 1.1125
The previous update looked at how the Nasdaq 100 was just slightly paring its opening gains and it is the same for the Dow Jones and the S+P 500 too, as the DAX falls back further and now drops below 23,500. At the same time it is perhaps understandable to see the dollar just coming off the boil. The EUR/USD is lifting back above 1.1125 as the USD/JPY slips below the 148 handle. Earlier the EUR/USD fell to a fresh interim low at 1.1072. It has since lifted back to a high at 1.1135 and the reader is reminded how the 50 day moving average (still at 1.1075) pretty much capped the downside move earlier this morning. The EUR/USD is right now at 1.1126
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