EUR/USD edging lower as DAX sets a new opening record

The European stock markets have not long ago reopened for live trading and it has delivered a new opening record for the DAX, but so far any rise above 22,882 has been tough to claim. Of course the session has just gotten underway, to there is plenty of time for that to change, as the morning unfolds. In fact, the DAX has now pushed its way to a new record above 22,900. Elsewhere, the EUR/USD has stalled a rebound that kicked in yesterday, after the Euro fell to a low at 1.0435. The closed last night at 1.0446. It rose to 1.0461 earlier today but it is tracking a bit lower right now. That move comes as the GBP/USD balks at the idea of rising above 1.2640. It did eventually push a bit higher after the UK inflation reports, but it has since stepped back from around 1.2630. The lack of momentum in both pairs is rather disappointing to be honest, as it does not exactly fuel adrenalin levels and makes things rather dull right now, if you want the honest truth. The EUR/USD is right now at 1.0451