Dollar regains some poise at the start of European trading
The greenback pares losses against the euro, swissie and loonie
And is continuing to extend gains against the pound as well, with cable falling to a low of 1.3164 now. Meanwhile, EUR/USD touches a low of 1.1406 on the session and is looking towards testing the 1.1400 handle.
This comes despite the fact that Treasury yields are continuing to fall as we begin the session. Though, that appears to be only impacting yen pairs more than the others at this current point in time. I argued that that the yields story doesn't tend to see lasting effects on the dollar but the fade has certainly been quicker than anticipated.
For EUR/USD, there's a handful of expiries rolling off today between 1.1400-30 with the figure level having a chunk of them. I reckon that should be able to keep the pair supported in the near-term ahead of US trading.