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EUR/USD lifts as French stocks rise and CAC 40 moves above 7,725
The European stock markets are now making progress and the CAC 40 has now rebounded and overtaken the earlier gains in the DAX. The DAX has also lifted further since the last update here, by around 100 points. The CAC 40 has now lifted above 7,725 and this is all supporting the EUR/USD. The Euro has now risen back above where it closed in the US on Friday, at 1.0840. The move higher through that level has not extended very far at all yet, but the move is certainly positive, as French stocks recover. Hence, the focus right now is back on the dollar dynamic and what led it lower in the first place on Friday- a rather disappointing June jobs report. The EUR/USD is currently trading at 1.0841
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