EUR/USD lifts to session highs as it extends move above 1.0700

Following on from the previous update, noting the adverse reaction in the dollar to the latest batch of economic data, the EUR/USD has extended slightly on breaking outside of the earlier noted 1.0666-1.0700 range. That has seen the Euro reach a new session high a moment ago, at 1.0720. This was kind of expected here, if the 1.0700 handle gave way, but it remains to be seen how much further it might extend. The other thing to factor in here; is whether or not this is nothing to do with the US data (which could be the case) and more about US dollar outflow ahead of the month-end tomorrow. The EUR/USD is just now trading at 1.0718. It is also worth noting the dovish reaction in the US bond market which has pushed US yields a little lower and that is supporting the push higher in the EUR/USD for the time being