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EUR/USD holding a tight range so far today

The rebound in the EUR/USD, from just below 1.0700 yesterday (1.0698 the low) later saw the Euro grind its way higher into the US close, but progress was extremely slow. The EUR/USD closed in the US last night at 1.0727 and so far today it has not made much headway and the range has been extremely tight, with 1.0725 to 1.0736 covering it as I write. US bond yields are barely changed from the levels seen around the US close and that might still be a headwind as indeed it appears to be for Gold just now too. To be brutally honest with you, there really is not much more to add at this stage int he day, but if that changes, then further updates will follow. The EUR/USD is currently trading at 1.0734

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