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EUR/USD steps back from earlier 2025 high as early US players return to the markets
The price action across the major currency pairs this morning has been unusually busy considering that pretty much all of Europe is closed today. That said, these are not usual times for the US currency right now. The USD/JPY is edging higher from an earlier low at 140.48 and the EUR/USD is doing likewise in the opposite direction of course. Earlier the EUR/USD extended the rise above the prior 1.1473 top and that eventually led to a new 2025 high at 1.1573. However, the dollar has steadied somewhat now, but given the extent of the losses seen earlier that is not too much of a surprise. Besides, that does not mean it will not weaken again today. So, as the USD/JPY attempts to push back above 141 just now, the EUR/USD has fallen back to around 1.1525
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