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EUR/USD lifts above 1.0525 as European stocks rise
The EUR/USD has just now hit a session high just above 1.0525. That is some 30-40 pips above where it was trading earlier this morning and it has come as the European stock markets forge higher and set fresh records in the DAX, just noted in the previous update. The USD/JPY is a little lower right now, but the EUR/JPY is higher and that is what has helped to lift the EUR/USD. The GBP/USD is higher too, but more on that one later this morning. The Euro has seemingly out of the naughty corner for the time being, but we should remember this latest rebound is far from shifting the dial, but given the current price action and dynamics in stocks, it might be short-sighted to rule out further upside in the short term. The EUR/USD is currently trading at 1.0523
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