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EUR/USD pressing a little higher above 1.06
The EUR/USD is just now pushing a little higher above 1.06 ahead of some quite important US data due in a couple of minutes. The latest Philadelphia Fed non-manufacturing index will be released at 12.30pm GMT and this could further impact the dollar and the EUR/USD price action. The EUR/USD has just squeezed to a session high at 1.0609 as it rises a little more into this data release. The drop back in the USD/JPY is partly responsible for this as, the dollar there struggles to regain momentum. That has allowed the EUR/USD some slack to rise a little more. It is just now trading at 1.0605
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