EUR/USD lifts to session highs above 1.0430 as GBP/USD tests resistance level

Further to earlier updates this morning the dollar has lost some more ground right now. The EUR/USD has just reached new session highs above 1.0430 (1.0434 the high so far) and the GBP/USD has just tested that noted 21 day moving average, at 1.2574. The move lower in the dollar comes even as US yields nudge higher, which is a little odd. There might be some stops in place on the EUR/USD above the high seen yesterday, at 1.0437 but that cannot be confirmed here. So, we shall have to see on that. The GBP/USD did just trade ever so slightly above 1.2574. The high seen a short while ago was set at 1.2576, but that in itself does not constitute a defined break of the level. Besides it is a little lower right now, trading at 1.2565