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Dollar edges back from highs- check out the DAX now

Earlier this morning, as the dollar continued to press higher and European stocks fell back further, the DAX fell through 16,600 and traded down to a low at 16,517. However, since then the dollar has come off the boil and that has seen the GBP/USD reclaim the 1.27 handle again and the EUR/USD rise from a session low at 1.0923. The EUR/USD has since traded back above 1.0950. That fall in the dollar has allowed the DAX to rebound and lift back above 16,600 once more. Despite rebounding though, the DAX is yet to reclaim the highs seen earlier today, when it peaked at 16,639. It is currently trading at 16,615 

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