Dollar gains ease but US stocks still hold momentum heading into the European close

The European stock markets are just now drawing to a close and the gains in the US stock markets have helped to ensure it will be a positive end to the session here in Europe. All the major indexes are going to close higher any minute. The US session is still characterised by leading gains in the Nasdaq 100 and the tech sector, but the dollar has eased slightly and the USD/JPY has dropped back slightly after rising just above 147.50 earlier. EUR/USD is off its lows as the GBP/USD has bounced well too, after earlier rejecting a drop below its 200 day moving average, at 1.2658. The driver behind the gains in the Pound and the Euro has also been a corresponding rise in the EUR/JPY and GBP/JPY. Those have been helped higher by the risk-on dynamic delivered by the gains across the US and European stock markets today. The Nasdaq 100 has been the main leader in that and it is currently trading at 18,295