Dollar weakness across the board is the developing theme, rather than risk-assumption. The surge in the unemployment rate raises the specter of the US government deploying another ineffective stimulus package, leaving behind a trove of debt with little to show for it, like the $787 bln package passed early this year.
EUR/USD trades now at 1.4885 and is eying the 1.4915/30 area, where central bank offers are rumored.
