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Dollar slips further versus Europe- EUR/USD lifts to session highs above 1.0580
Over the course of the past couple of hours the dollar versus the European currencies has been losing ground. That has seen the GBP/USD rise above 1.2775, from an earlier session low, at 1.2717. The EUR/USD has also advanced further, rising above 1.0580 a short while ago. The Yen remains on the back foot versus the dollar though and that has meant yet more upside for the GBP/JPY and the EUR/JPY. So, now the GBP/JPY has pushed a little further above the 192 handle and its the same for the EUR/JPY in respect gains above 159. The price action is not conclusive and of course there is no fresh ground broken on the EUR/USD, or the GBP/USD. That could lead them open to a converse price swing lower later on, if those cross rates back off. The EUR/USD is currently trading at 1.0581
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