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Dollar continues to weaken after US stock market opening- EUR/USD rises above 1.11
The dollar has continued to lose ground this afternoon. The USD/JPY is tracking back towards 146 and the EUR/USD has now risen above 1.11 for the first time since the end of December last year. The EUR/USD has lifted to a high at 1.1105 so far and hence once step closer to reaching the noted 1.1139 high that was set on December 28,2023. The GBP/USD is not far off its 2024 high (1.3044) now too, rising to 1.3030 this afternoon. The EUR/USD is currently trading at 1.1101
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