Dollar weakness across the board sees the euro higher
EUR/USD breaks to a high of 1.2510. The 2018 high of 1.2537 is next on the cards for buyers.
The dollar weakness is really starting to ramp up in early European trading. The euro got a bit of a lift earlier as well from the French unemployment report - which as mentioned was the lowest unemployment rate printed since Q1 2009.
Couple that with wages data that showed the highest growth since 2014 from two days ago, it's more positive news that could give the euro a lift to go beyond the year's high. Do keep in mind that we have large option expiries sitting at 1.2500 though.
But at the moment, it's all about the weak dollar.
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