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EUR/USD sets first daily close above 1.15 since 2021
Such is the fallout in the dollar right now that the EUR/USD set its first daily close above 1.15 since November 2021. As reported here yesterday, the EUR/USD rose to 1.1573 earlier in the day and then dropped back to 1.1482 ahead of that daily close. The price action this morning has seen it push higher, but not yet to a level which might threaten, or surpass the high seen yesterday. The high seen a dew moments ago was set at 1.1547. The outlook remains positive for the Euro, but at the same time, there is still potential for the next Trump tweet to have a negative impact. Outside of such a prospect, which cannot be gauged, the dollar remains in trouble and the flight out of US assets has the EU as one of very few regions able to absorb flow of such size. There will be more to add on the Euro this morning, but all that was said about it yesterday remains in place today. The EUR/USD is right now at 1.1530
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