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EUR/USD continues to grind higher ahead of US data releases at 1.30pm GMT

The dollar is still under a degree of pressure and that comes as the USD/JPY fails to bounce much above 150, from an earlier session low at 149.92. Meantime, the EUR/USD has continued to press a little higher, but the rise is tedious and slow. It could also be reversed, if those US data releases significantly beat the street at 1.30pm GMT, especially the Retail sales numbers. That all remains to be seen, but right now the dollar is still on the back foot and even the GBP/USD is gaining some traction just now. The EUR/USD is right now pretty much at its best levels of the day so far, currently trading at 1.0748
 

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