The greenback keeps lower to start the day, with the risk tilt more positive
The dollar and yen are the laggards still as we get towards European trading, owing to a slight nudge higher in stocks as the risk mood remains more optimistic.
EUR/USD is keeping at the highs for the day but is finding it tough to break through some near-term resistance around 1.1750 for the time being:
After braving past month-end flows yesterday, market participants will be looking to latch on to the next narrative and so far that lies with a more positive risk mood for now.
US stimulus hopes are arguably what is driving that but can such sentiment last if things turn sour once again in Washington?
That is a key consideration, alongside the conclusion of Brexit negotiations and the US jobs report tomorrow as we look to wrap up the trading week.
For now, the risk-on narrative stays but there are still risks that it could unravel in the session ahead; likewise for currency gains against the dollar as such.
