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EUR/USD rises back above 1.0800 as wider dollar slips

The dollar has come under further pressure in the past few minutes and that has come as US yields edge a little lower and the Yen gains following the comments from the Japanese Prime Minister. So, the EUR/USD has now extended its rebound to above 1.0800 and just now rising close to 1.0815. The price action has been a little choppy for the dollar more generally speaking and the earlier gains in the USD index (USDX) close to 104.75 have been further unwound. The EUR/USD is right now trading at 1.0813

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